Brokers project neutral outlooks for the Thai stock market on Wednesday, with investors still short of fresh catalysts and wary of overseas volatility. Analysts said attention remains on the gradual release of third-quarter 2026 results from the banking sector.
Asia Plus Securities said the SET Index is likely to move sideways, citing the lack of new supporting factors and cautious trading conditions after swings in external factors, especially the Middle East tensions.
The analyst noted that investors continue to monitor banking firms 3Q26 earnings reports.
The securities firm set a resistance level for the SET Index at 1,580 points, and a support level at 1,550 points.
Daol Securities took a slightly more constructive view, forecasting a sideways-up movement for the Thai bourse as market sentiment has eased modestly.
The analyst said the recent decline in Thai shares could encourage bargain hunting, while bank stocks may attract short-term speculative buying around earnings announcements.
The brokerage described oil prices as stable, though the firm noted that the broader Thai market still lacks a new driver. Corporate results remain the main near-term focus for investors.
Yesterday, Thailand’s SET Index closed at 1,554.94 points, decreasing by 16.78 points or 1.07%, with a trading value of THB 60.71 billion.
