On Friday, Tisco Securities expects the Thai market to move sideways-down due to lack of new supporting factors. Overall, the SET Index profit outlook continues to be downgraded from the uncertainty over Thailand’s economy in 2H25 following an unclear trade negotiation with the U.S.
Furthermore, Thailand’s political situation may require closer examination, as investors have started to weigh in the nation political factor after yesterday’s court decision on former Prime Minister Yingluck Shinawatra case, and Thaksin Shinawatra’s trial next month expects to cause concerns over the government’s stability and its ability to govern.
Meanwhile, the weakened US dollar caused the Thai baht to strengthen, which may entice foreign investors for net purchase. However, next week MSCI Rebalancing may pressure the fund flow outward.
The firm set a resistance level for the SET Index at 1,190-1,195 points and a support level at 1,170 points.
Yesterday, Thailand’s SET Index closed at 1,173.37 points, decreased 6.44 points or 0.55% with a trading value of THB 38.56 billion.
