On Friday, Krungthai XSpring Securities expects the Thai market to trade sideways within range due to lack of supporting factors, although the market may receive tailwinds from oil stocks after crude prices have risen 3% due to concerns over U.S. attack on Iran.
Domestically, the brokerage firm recommends investors closely monitor listed companies’ 4Q25 earnings reports.
The securities firm set a resistance level for the SET Index at 1,350 points, and a support level at 1,320 points for today’s session.
Kingsford Securities anticipated the SET Index to move with a supporting level of 1,320 points, and a resistance level of 1,340 –1,345 points. The brokerage estimates that the index will move relatively flat as investors are monitoring the situation in the Middle East, while Thailand is in the last stretch of the election campaign season.
The securities house recommends accumulating ADVANC, GULF, PTT, and PTTEP—which are value stocks, as well as NSL, KCG, and OSP—which are retail stocks that are expected to benefit from the new government’s economic stimulus measures.
Yesterday, Thailand’s SET Index closed at 1,331.07 points, decreased 7.83 points or 0.58%, with a trading value of THB 51.75 billion.
