On Monday, Asia Plus Securities expects the Thai market to trade sideways within range due to lack of supporting factors.
The brokerage firm recommends investors closely monitor Thailand’s political situation, particularly the 2026 election prime minister candidate. The broker also noted that the trading could be dull this week due to the Christmas Holiday.
The firm set a resistance level for the SET Index at 1,260 points, and a support level at 1,240 points for today’s session.
Kingsford Securities stated in an analyst that the SET Index today is set to trade within a supporting level of 1,240 points and a resistance level of 1,260 – 1,270 points. This was due to slowing trade volume during Christmas.
The analyst firm recommends high-dividend yield stocks such as SCB, KTB, TTB, and PTTEP, safe haven stocks namely CPF, TFG, BLA, and CPN, as well as tourism stocks including AOT, AAV, BA, CENTEL, and ERW.
Last Friday, Thailand’s SET Index closed at 1,252.19 points, increased 2.12 points or 0.17%, with a trading value of THB 34.06 billion.
