On Monday, Tisco Securities expects the Thai market to trade sideways, contrary to the downward trend in the global stock market due to the U.S. President Donald Trump threatened to impose a 50% tariff on the European Union, although the imposition date has been pushed from June 1 to July 9.
Domestically, the Thai market still lacks new supporting factors, except for the poor economic outlook and the anticipated sluggish results from listed companies.
This week the securities firm suggested investors should closely monitor the parliament’s FY2026 budgetary discussion and MSCI Rebalancing with three Thai stocks removed from the Global Standard.
The firm set a resistance level for the SET Index at 1,185 points and a support level at 1,170-1,160 points.
Last Friday, Thailand’s SET Index closed at 1,176.36 points, increased 2.99 points or 0.25% with a trading value of THB 34.68 billion.
