On Thursday, Maybank Securities expects the Thai market to extend gain, due to supporting catalysts from the potential easing of the Middle East tension as both the U.S. and Iran seemingly approach the peace settlement. Additionally, there is a positive sentiment from the U.S. markets, which achieved a new high in the previous session.
However, the upside may be limited from the downward pressure in the energy sector.
The securities firms set a resistance level for the SET Index at 1,530 points and a support level at 1,500 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,530 points and a support level at 1,500 – 1,510 points for today’s session, forecasting the Thai market to potentially move sideways-up due to reports of both the U.S. and Iran approaching near the peace deal, as well as supporting factors from better-than-expected 1Q26 performance from major listed firms.
The brokerage house recommends investors accumulating AMATA, WHA, CK, STECON, GULF, and GPSC in response to the Board of Investment’s approval of three data center projects, totalling THB 910 billion, as well as stocks that benefit from the declining oil prices including SCC, SCGP, AOT, BA, PSL, RCL, ERW, and CENTEL.
Yesterday, Thailand’s SET Index closed at 1,516.91 points, increased 26.81 points or 1.80%, with a trading value of THB 82.02 billion.
