Mr. Chaiyot Jiwangkul, Assistant Director of Securities Analysis at Krungsri Securities (KSS), during the “Kaohoon” program on April 8, 2026, stated that the 2-week ceasefire deal between the United States and Iran has eased market concerns over the potential escalation of the war, which led to sharp declines in both oil prices and U.S. dollar, while gold price and Asian markets have jumped.
The analyst expects the Thai market to grow 1.5 – 2% today, setting a resistance level at 1,480 – 1,490 points.
For strategy, Mr. Chaiyot warned investors of a potential selling pressure in upstream energy (PTT, PTTEP, and BANPU), petrochemical, refinery, as well as rubber and ethanol stocks. Meanwhile, he also anticipates sectors that benefit from the ceasefire such as power plant, finance, airline, tourism, and industrial estate to rise following the deal.
As for the tourism sector, while the ceasefire has improved the market sentiment and stock prices, KSS does not increase its weightage in the sector as the second and third quarter is generally considered the low season. Meanwhile, the analyst firm sees positive momentum in the financial sector from the government stimulus policies and declining bond yield.
The analyst commented that the government THB 2 refinery gate oil price cut—which is more lenient compared to the expected gross refining margin cap—will pose only a marginal downside for the sector, as demand for oil products remains strong.
Mr. Chaiyot added that investors are closely monitoring the rollout of the government stimulus measures, which are expected to alleviate living costs and boost purchasing power for ordinary citizens.
He also estimated that the implementation of Thailand Individual Savings Account (TISA) is unlikely to materialize in the near term, as the government is focusing on the energy costs and purchasing power. Furthermore, the Thai market is currently in a strong position compared to its regional peers, reducing the need for capital boosting.
