On Tuesday, Asia Plus Securities expects the Thai market to trade sideways within range with possible downward movement after having sharply surged yesterday following the election.
Furthermore, investors are monitoring listed companies’ 4Q25 earnings reports, as well as the formation of a new government.
The securities firms set a resistance level for the SET Index at 1,410 points and a support level at 1,380 points for today’s session.
Daol Securities stated that the SET Index may potentially extend gain, although there is a possibility of short-term profit-taking actions. Most investors have positive sentiment on the market, believing that politics will become a supporting factor, and set the first resistance level for the SET Index at 1,420 points.
Meanwhile, Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, confirmed that the new government will continue the “Half-Half Plus” program.
In the near-term, the brokerage firm recommends investors closely monitor the addition or removal of stocks from February MSCI Index, which is slated to be announced tomorrow morning, and may cause volatility in individual stock prices in the market.
Yesterday, Thailand’s SET Index closed at 1,400.89 points, increased 46.88 points or 3.46%, with a trading value of THB 102.11 billion.
