On Thursday, Tisco Securities expects the Thai market to move sideways narrowly, as investors are closely monitoring the US-Thai trade talk result before the August 1 deadline, and continuously surging oil prices also weighted the SET Index. Listed companies 2Q25 financial reports are better than expected, but the brokerage firm cautioned of fund outflow, as the U.S. dollar appreciated at an accelerated pace after the Federal Reserve voted to maintain the interest rate, and Jerome Powell gave no sign of cutting rate. In addition, the U.S. GDP also came out better than expected.
The securities firm recommends investors closely monitor the US-Thai trade talk, the Bank of Thailand’s national economic reports, Chinese PMI, and the U.S. PCE figure.
The firm set a resistance level for the SET Index at 1,250 points and 1,260 points if the threshold is surpassed and a support level at 1,235 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,244.14 points, increased 10.46 points or 0.85% with a trading value of THB 54.67 billion.
