Brokers project neutral outlooks for the Thai stock market on Thursday, citing weak sentiment toward technology shares. Market direction is also being limited by mixed third-quarter 2026 earnings from domestic listed companies and a lack of fresh catalysts.
Tisco Securities expects the Thai benchmark to move sideways or consolidate. The brokerage pointed to negative sentiment from reports that Nvidia’s board is preparing to remove its chief executive following a scandal, which could weigh on technology stocks in early trade.
Mixed 3Q26 results from Thai listed companies and a lack of new positive catalysts also contributed to the market’s muted atmosphere.
The securities firm set a support level for the SET Index at 1,520 points, and a resistance level at 1,480 – 1,485 points.
Daol Securities also anticipates the Thai bourse to move sideways after the benchmark managed to hold above the 1,500-point level. The analyst said investors are watching for further developments on the Nvidia issue, while Asian markets opened the morning session broadly stable.
The brokerage added that trading remains focused on corporate earnings speculation. Stocks of companies reporting strong results may attract short-term buying interest, while broader market momentum remains restrained.
Yesterday, Thailand’s SET Index closed at 1,502.11 points, increasing by 5.80 points or 0.39%, with a trading value of THB 56.79 billion.
