Brokers project mixed-to-positive outlooks for the Thai market on Friday, tracking positive sentiment from U.S. and Asian equities after a technology-led advance on Wall Street. Analysts noted that renewed buying in U.S. tech shares helped bolster markets despite softer-than-anticipated second-quarter U.S. economic data.
Asia Plus Securities expects the Thai benchmark to rebound, with morning gains in Asian markets providing support for the index. The rebound was underpinned by the U.S. market’s performance overnight, where technology shares saw renewed interest that lifted broader indices.
While U.S. GDP growth for the second quarter of 2026 came in below projections, the inflation measure PCE figures matched expectations and did not contribute additional downward pressure on markets.
Meanwhile, a pullback in global oil prices could weigh on Thai energy stocks, even as it helped ease inflationary concerns.
The securities firm set a resistance level for the SET Index at 1,610 – 1,615 points, with a support level at 1,585 – 1,590 points.
Daol Securities noted that the Thai bourse could remain volatile, with principal swings likely centered around bellwether stocks such as DELTA and the banking sector. Investors continued to monitor developments in the Middle East, which contributed to prevailing caution.
The brokerage firm also pointed out that the recent strength in U.S. tech shares was partly driven by better-than-expected quarterly earnings, particularly for stocks previously affected by earlier selloffs. The analyst firm suggested that this was an opportune moment for profit-taking and advised that investors should consider repositioning their portfolios for new opportunities.
Yesterday, Thailand’s SET Index closed at 1,598.11 points, decreased 26.36 points or 1.62%, with a trading value of THB 112.04 billion.
