Maybank Securities (Thailand) stated that the Thai stock market is anticipated to be volatile this morning, mainly due to significant short-term pressures. The prevailing concern is over the stability of the government, as the political situation remains tense and ambiguous, with no clear resolution or strategy in sight among the ruling coalition parties. This lingering uncertainty could have widespread negative implications for the Thai economy.
Additionally, attention is being drawn to the end-of-day FTSE Rebalancing, which will see a reduction in the weighting of Thai stocks in the index, adding further pressure on the market.
For today’s outlook, Maybank recommends closely monitoring developments among the coalition parties. External factors to watch include ongoing uncertainties in the Middle East, particularly the conflict between Israel and Iran. Investors should also keep an eye on the United States’ stance, especially after U.S. President Donald Trump requested a two-week period before making a decision on potential military involvement in Iran.
Support and resistance levels for the Thai stock market are set at 1,050 and 1,080 points, respectively.
Yesterday, Thailand’s SET Index closed at 1,068.73 points, decreased 25.85 points or 2.36% with a trading value of THB 46.63 billion.
