On Tuesday, Asia Plus Securities expects the Thai market to trade sideways within range, with downward pressures from the protracted Middle East tension, and the clash between U.S. and Iran in the Strait of Hormuz. However, there are support catalysts from rising oil prices, which bolstered the heavy weight of oil price-related stocks in the Thai bourse.
For today, the analyst recommends investors closely monitor the cabinet meeting, which will discuss the rollout of the economic stimulus measures.
The securities firms set a resistance level for the SET Index at 1,500 – 1,505 points and a support level at 1,475 – 1,480 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,500 – 1,510 points and a support level at 1,480 – 1,485 points for today’s session, forecasting the Thai market to stabilize as investors await real sector’s 1Q26 financial results, which are anticipated to be bolstered by robust growth in the petrochemical and ICT sector.
The brokerage house recommends investors accumulating petrochemical stocks including SCC, PTTGC, and IVL, which benefited from products spread. The analyst also recommended AMATA, WHA, CK, and STECON, as the Board of Investment reported that Thailand drew over one trillion baht of investment in 1Q26, as well as renewable energy stocks such as GUNKUL and TSE.
Last Thursday, Thailand’s SET Index closed at 1,493.69 points, increased 1.95 points or 0.13%, with a trading value of THB 60.94 billion.
