On Friday, Krungthai XSpring Securities expects the Thai market to trade sideways-up due to the easing tension in the Middle East, despite the lack of clarity.
Domestically, there are no new supporting factors after investors priced in listed companies’ 1Q26 earnings and the government economic stimulus measures.
The securities firms set a resistance level for the SET Index at 1,550 points and a support level at 1,520 points for today’s session.
Daol Securities stated that the Thai market may potentially move with volatility and within limited range ahead of the weekend, as investors are awaiting for overseas factors, particularly the U.S.-Iran peace talk, which may affect the oil prices, global financial market, and the sentiment on risky assets.
Domestically, market participants are recommended to closely monitor the clarity on the government’s stimulus measures and budget disbursement, as any delay may lead to downward pressure on the construction and construction material sector.
Meanwhile, there are positive factors from Amazon’s $33 billion investment in cloud and AI infrastructure in the ASEAN region, including Thailand, which will benefit the digital economy in the long term.
Yesterday, Thailand’s SET Index closed at 1,532.67 points, increased 4.24 points or 0.28%, with a trading value of THB 54.73 billion.
