Brokers project positive outlooks for the Thai stock market, supported by easing external pressures. Analysts said the improved backdrop may reduce inflation concerns and help sustain buying interest, though gains are likely to be limited.
TISCO Securities expects the Thai benchmark to extend gain in early trade, citing softer bond yields and lower oil prices as key external supports. On the domestic side, sentiment may also benefit from the government’s plan to submit an extension of the “Thai Chuay Thai Plus” scheme to the Cabinet.
Even so, TISCO expects the rise to remain capped near the 1,600-point level, setting a resistance level at 1,595 – 1,600 points, and a support level at 1,572 – 1,575 points.
The broker also urged investors to monitor possible market volatility linked to the FTSE Index revision.
Separately, Daol Securities anticipates the Thai bourse to move sideways-up, with a chance to challenge the 1,600 threshold. The firm said the investment mood has improved, particularly after strength in semiconductor shares, which could encourage buying in Thailand’s electronics sector.
The analyst also recommends investors tracking the Bank of Japan meeting today, which remains a key external event for market direction.
Yesterday, Thailand’s SET Index closed at 1,583.34 points, increasing by 20.61 points or 1.32%, with a trading value of THB 62.46 billion.
