On Thursday, Krungthai XSpring Securities expects the Thai market to move sideways-up due to the easing geopolitical concerns, after the U.S. President Donald Trump stated in the World Economic Forum 2026 that the U.S. will not use armed force to annex Greenland, and has made a framework agreement with NATO members.
Domestically, the market is still buoyed by the election rally, with possible speculative action on listed companies’ 4Q25 earnings reports.
The securities firm set a resistance level for the SET Index at 1,330 points, and a support level at 1,300 points for today’s session.
Kingsford Securities anticipated the SET Index to move with a supporting level of 1,300 – 1,310 points, and a resistance level of 1,320 – 1,330 points. The brokerage estimates the Thai market to potentially move sideways-up after the U.S. and Europe come into an agreement on Greenland. Additionally, the market is also bolstered by foreign fund inflow.
The securities house recommends accumulating ADVANC, TRUE, CPALL, CPN, GULF, PTTEP, and BH.
Yesterday, Thailand’s SET Index closed at 1,317.56 points, increased 21.19 points or 1.63%, with a trading value of THB 68.14 billion.
