On Thursday, Tisco Securities expects the Thai market to extend gains after U.S. President Donald Trump signed a trade deal with Vietnam, in which the U.S. will only impose 20% tariffs on Vietnamese imports, raising investors’ hope of similar deals for Thailand.
Domestically, Thailand’s political situation remains stable as the People’s Party voiced support for a new Prime Minister election to prevent a political vacuum within the government.
Additionally, the SET Index may receive a headwind from surging crude prices after Iran suspended cooperation with the International Atomic Energy Agency.
The securities firm recommends investors to continue monitoring U.S. trade talks.
The firm set a resistance level for the SET Index at 1,120 – 1,125 points, if the index surpasses this threshold the resistance level will be moved to 1,140 – 1,145 points, and a support level at 1,110 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,115.69 points, increased 5.68 points or 0.51% with a trading value of THB 34.95 billion.
