On Friday, Krungthai Xpring Securities expects the Thai market to move sideways, while emphasizing that investors should monitor DELTA’s movement, after having sharply declined yesterday, as DELTA’s recovery could bolster the market’s rebound.
Furthermore, investors are awaiting the U.S. Supreme Court’s verdict on President Donald Trump’s tariff policies.
The securities firm set a resistance level for the SET Index at 1,270 points, and a support level at 1,250 points for today’s session.
Kingsford Securities stated that the SET Index today is set to trade within a supporting level of 1,250 points and a resistance level of 1,260-1,270 points. The brokerage firm expects the Thai market’s volatility to potentially subside after investors have priced in DELTA’s downside risk.
The analyst firm recommends accumulating stocks in safe haven and high-dividend themes such as ADVANC, SCB, TTB, AP, LH , BDMS, and BLA, as well as power plant stocks including GULF and GSPC, which benefited from the declining gas price. Furthermore, the broker also recommends speculative buying TOP, SPRC, BA, and TACC, as these stocks showed technically positive signs.
Yesterday, Thailand’s SET Index closed at 1,253.60 points, decreased 27.22 points or 2.13%, with a trading value of THB 48.21 billion.
