On Tuesday, TISCO Securities expects the Thai stock market to move in a sideways-up pattern, with the potential for renewed negotiations between the United States and Iran contributing to investor optimism. This follows remarks from the U.S. President stating that a negotiation team has traveled to Pakistan to facilitate possible talks with Iran.
A rise of approximately 5% in crude oil prices could also provide support for energy and petrochemical stocks during today’s session. However, the market is anticipated to face some pressure from major players such as KBANK, CRC, and STGT, which are slated to go ex-dividend (XD), potentially limiting the index’s upward movement.
The brokerage has set a resistance range at 1,495-1,500 points and supports at 1,475 points.
On Monday, Thailand’s SET Index closed at 1,481.85 points, decreased 0.60 points or 0.04%, with a trading value of THB 54.07 billion.
