On Friday, Aira Securities expects the Thai market to face a profit taking after the U.S. PPI came out better than expected, diminishing hopes on continuous Federal Reserve rate cuts, as well as the recovery in bond yield.
Domestically, the Thai market still lacks supporting factors, with surging Forward P/E.
The securities firm recommends investors closely monitor the remaining listed companies’ 2Q25 earnings reports, and the fund flow. For next week, the firm suggested monitoring Thailand’s GDP, as it could become an additional negative factor if it came out lower than expected.
The firm set a resistance level for the SET Index at 1,277 and a support level at 1,260 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,277.43 points, increased 18.36 points or 1.46% with a trading value of THB 70.06 billion.
