One More Push to Break 1,600pts, Maybank Expects Vaccine Rollout in June to Boost Outlook
Maybank expected the vaccine rollout in June will lead to the market’s positive expectations and economic recovery in the next period.

Maybank expected the vaccine rollout in June will lead to the market’s positive expectations and economic recovery in the next period.
31 พ.ค. 2564

SET Index closed the morning session on May 31, 2021, at 1,589.93 points, increased 7.95 points or 0.50% with a trading value of 40 billion baht.
 
Maybank Kim Eng stated earlier this morning that positive expectations for vaccination in Thailand that should accelerate in June will lead to the market’s positive expectations for the number of COVID 19 infections in the country to gradually decline over the next period. Combined with the Finance Ministry proposing the cabinet to approve 4 stimulating projects to boost “Purchasing power economy” in 2H21, with the amount of approximately 140 billion baht. This is considered a positive impact on the domestic economic recovery in the next period.
 
Maybank still recommended investors to closely monitor the other economic figures during the first two weeks of June, such as manufacturing and service PMIs, ADP Non Farm Employment Change, unemployment rate, initial claims, etc. These will guide FED’s decision on quantitative easing at the Fed meeting on 15 16 June.
In addition, Maybank expected the SET index today to move sideways in a range of 1,570 points support and resistance at 1,590 points Focus on stocks with strong growth outlook.