Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, a securities company in the SCBX group, during the “Kaohoon” program on March 9, 2026, expects today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,320 points and 1,350 points, respectively.
He also estimated that the SET Index will move lower today, in line with other Asian markets, which are being pressured by the conflict in the Middle East and the sharp increase in oil prices. If prices remain above USD 100 per barrel for a prolonged period, it could push inflation higher, potentially end the interest rate–cut cycle, increase companies’ costs, and weigh on Thailand’s GDP growth.
Investors are recommended to “hold” and monitor the situation closely. So far, the U.S. has declared that there will be no negotiations until Iran surrenders unconditionally, while Iran has also rejected the possibility of talks and recently appointed a new supreme leader. For investors looking to adjust their portfolios, Mr. Pobchai recommended the following sectors.
The first group is the energy sector, which benefits from rising oil prices, including PTT PCL (SET: PTT), PTT Exploration and Production PCL (SET: PTTEP), and Bangchak Corporation PCL (SET: BCP). However, this sector is recommended mainly for short-term speculation.
The second group is the shipping sector, which benefits from higher ocean freight rates. Highlighted stocks include Precious Shipping PCL (SET: PSL), Thoresen Thai Agencies PCL (SET: TTA), Regional Container Lines PCL (SET: RCL), and Prima Marine PCL (SET: PRM).
Finally, dividend stocks such as AP Thailand PCL (SET: AP), Sansiri PCL (SET: SIRI), Krung Thai Bank PCL (SET: KTB), and Kiatnakin Phatra Bank PCL (SET: KKP) were also recommended. Mr. Pobchai noted that investors should accumulate these stocks when prices decline.
In the event that the situation improves, Mr. Pobchai expects the SET Index to rebound rapidly. He recommended sectors that are currently under pressure from rising oil prices and the decline in Middle Eastern tourists. Highlighted sectors include petrochemicals, airlines, tourism, small power plants, and hospitals.
