On Tuesday, Kasikorn Securities expects the Thai market to trade sideways, after sharply surged yesterday due to positive sentiment from the U.S. tech sector, as well as the easing Middle East tension, which led to a peace talk.
The brokerage firm recommends investors closely monitor the domestic factors, including the Parliament’s 2027 budget consideration, as well as passive funds’ portfolio review for the SET50 and SET100 indices—which may potentially cause volatility in individual stock.
The securities firm set a resistance level for the SET Index at 1,590 points, and a support level at 1,565 points for today’s session.
Daol Securities stated that the SET Index may potentially move with volatility—despite having sharply surged overalls—as the gain was largely hinged upon DELTA. Nevertheless, the Thai bourse still has significant tailwind from more than THB 76 billion of foreign fund inflows, which offset the pressure from the SET50 Index Futures Series “M” expiration.
The analyst house cautioned investors of a potential dip at the market opening.
Yesterday, Thailand’s SET Index closed at 1,577.81 points, increased 35.47 points or 2.30%, with a trading value of THB 71.95 billion.
