On Wednesday, Tisco Securities expects the Thai market to move sideways-flat after receiving pressure from Japan and the Philippines closing the trade deals with the U.S. Tariffs on Japan will be reduced to 15% from 25%, and from 20% to 19% for the Philippines. These rates are considered relatively low.
Domestically, the US-Thai trade talk showed no sign of clear progress, and the shrinking oil price has weighed on energy and petrochemical stocks.
The securities firm recommends investors closely monitor listed companies’ 2Q25 earning reports, after the banking sector unveiled better-than-expected results. Furthermore, the firm also recommends monitoring Europe’s July consumers confidence index, and the U.S. second hand house sales in June.
The firm set a resistance level for the SET Index at 1,200 – 1,205 points and a support level at 1,180 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,191.75 points, decreased 16.38 points or 1.36% with a trading value of THB 49.09 billion.
