On Thursday, Krungthai XSpring Securities expects the Thai market to move sideways, as investors are monitoring the meeting between the Chinese and U.S. leaders along with executives from major technology firms.
Domestically, there are no new supporting factors, but this week is the final week for 1Q26 financial reports.
The securities firms set a resistance level for the SET Index at 1,525 points and a support level at 1,500 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,520 – 1,530 points and a support level at 1,500 points for today’s session, stating that the Thai market bounced back to above 1,500 points due to tailwinds from the electronics and ICT sector.
The analyst firm also forecasted that the Thai bourse will stabilize as market participants awaited listed companies’ 1Q26 earnings results, as well as the result of the U.S.-China summit.
The brokerage firm recommends investors short-term speculating stocks with outperforming 1Q26 results such as CPALL, CRC, MEGA, KLINIQ, as well as MRDIYT and TFG which has recently been added to MSCI Small Cap Index, and may potentially be included in SET50 in the later half of the year. The analyst also recommends safe haven stocks including ADVANC, TRUE, GULF, and GPSC.
Yesterday, Thailand’s SET Index closed at 1,517.26 points, increased 33.70 points or 2.27%, with a trading value of THB 67.66 billion.
