On Tuesday, Krungthai XSpring Securities expects the Thai market to trade sideways after having sharply surged yesterday. However, factors including the 2026 Election, as well as the U.S. lower-than-expected PMI—which fueled the prospect of an additional rate cut from the Federal Reserve, may help buoy the Thai market.
The securities firm set the resistance level for the SET Index at 1,290 points, and a support level at 1,270 points for today’s session.
Daol (Thailand) Securities expects the Thai market to trade sideways within range, with supporting factors from yesterday’s THB 2.3 billion fund inflows, as well as positive sentiment in the foreign markets.
However, the SET Index may face headwinds from energy stocks, particularly PTTEP due to oil prices plunging below $60 level. Despite tensions in Venezuela (the capture of President Maduro by the U.S.), the market has weighed more on the oversupply concerns.
The brokerage firm expects banking and electronic parts stocks (DELTA) to be the leading stocks in today’s trading.
Yesterday, Thailand’s SET Index closed at 1,280.05 points, increased 20.38 points or 1.62%, with a trading value of THB 45.72 billion.
