On Wednesday, Tisco Securities expects the Thai market to rebound along with the global trend, after the U.S. urged its trade partners to propose the best trade deal before the end of the day to negotiate before the “Reciprocal Tariffs” went into effect. Furthermore, the anticipated meeting between the U.S. President Donald Trump and China’s leader Xi Jinping within this week also bolstered the market sentiment.
Domestically, the surging crude prices and cooling geopolitical tension between Russia and Ukraine may also benefit the Thai market, while negative factors such as MSCI Rebalancing that plunged Thai stocks last Friday has subsided.
The firm set a resistance level for the SET Index at 1,180 points and a support level at 1,140 – 1,120 points.
Last Friday, Thailand’s SET Index closed at 1,149.18 points, decreased 14.83 points or 1.27% with a trading value of THB 73.09 billion.
