On Wednesday, TISCO Securities expects the Thai market to recover along with the global market trend, after both the U.S. and Thai listed companies reported better-than-expected 1Q26 performances, which led to speculative buying forces.
Meanwhile, the Middle East tension began to ease after the U.S. reiterated that the ceasefire is still in effect, despite the U.S. previously launching the Project Freedom in the Strait of Hormuz, although the operation has recently been paused.
The securities firms set a resistance level for the SET Index at 1,510 points and a support level at 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 PTTGC, IVL, and BCP which benefited from products spread, as well as AMATA, WHA, CK, and STECON, as the Board of Investment reported that Thailand drew over one trillion baht of investment in 1Q26.
The analyst also recommended renewable energy stocks such as GUNKUL, BBGI, BCPG, and UBE, as well as GULF, ADVANC,TRUE, which are anticipated to report strong 1Q26 performances.
Yesterday, Thailand’s SET Index closed at 1,490.10 points, decreased 3.59 points or 0.24%, with a trading value of THB 73.11 billion.
