Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, during the “Kaohoon” program on December 2, 2025, expects today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,275/1,260 points and 1,282/1,294 points, respectively.
ASL Securities has also estimated support and resistance levels for specific stocks. The details are as follows:
- Cal-Comp Electronics (Thailand) PCL (SET: CCET): THB 4.90/4.82 per share and THB 5.25/5.55 per share for its support and resistance levels.
- Minor International PCL (SET: MINT): THB 22.30/21.70 and THB 23.10 – 23.30.
- Central Pattana PCL (SET: CPN): THB 53/51.50 and THB 54.50/57.
- PTT PCL (SET: PTT): THB 30.25 – 30 and THB 31.25/32.50.
- Tipco Asphalt PCL (SET: TASCO): THB 13.70 – 13.50 and THB 14.10/14.40.
Mr. Suchet stated that the SET Index is likely to move upward today, aligning with the positive movement of foreign indices and driven by yesterday’s strong growth. He advised investors to focus on the trend seen in the morning session and the European market openings at 3 P.M. (GMT+7), as these could suggest the direction of the SET Index.
Regarding the trading volume, Mr. Suchet stated that the volume has not reached the level that eases investors’ concerns. One factor that weighs on this is the political factor, as the dissolution of parliament on December 12 remains uncertain. This is also expected to continue towards the end of the year, as the Christmas period–usually the period with a low trading volume–approaches.
Nevertheless, the analyst noted that such circumstances should not be too concerning, as the market awaits clarity on a number of developments. The index is anticipated to recover at the start of next year.
Notably, Mr. Suchet addressed the recent prominence of proprietary trading (Prop Trade) activity over the past 2–3 days, noting that net buying has exceeded THB 1 billion per day. It is believed that proprietary traders are engaging in profit-taking without signaling any other special factors. Meanwhile, domestic funds remain cautious due to ongoing political uncertainties, even though most large-cap stocks are delivering strong earnings and many are reporting profits.
The broker suggests that once political stability returns, both proprietary traders and funds are likely to resume more typical trading patterns. In the medium term, the Thai stock market is on a recovery trajectory, with prospects expected to improve significantly in January–February 2026 if the political situation resolves positively.
