SET Index Poised to Rebound as Geopolitical Tensions Ease and Oil Prices Slide

Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, during “Kaohoon” program on March 10, 2026, expects today’s support and resistance levels for Stock Exchange of Thailand (SET) Index to be 1,361/1,350 points and 1,386/1,404 points, respectively.

ASL Securities has also estimated support and resistance levels for specific stocks, the details are as follows:

  • Kasikornbank PCL (SET: KBANK): THB 180/178 – 177 per share and THB 185/189 per share for its support and resistance levels.
  • CH. Karnchang PCL (SET: CK): THB 15/14.40 and THB 15.80/16.70.
  • Advanced Info Service PCL (SET: ADVANC): THB 348/340 and THB 360/372.
  • Moshi Moshi Retail Corporation PCL (SET: MOSHI): THB 32/31 – 30.50 and THB 34.25/35.50.
  • WHA Corporation PCL (SET: WHA): THB 3.90/3.80 and THB 4.12/4.26.

Mr. Suchet estimated that the SET Index will rebound in line with other Asian markets, supported by positive sentiment after U.S. President Donald Trump announced that the conflict in the Middle East may come to an end soon. This development, along with the possibility that G7 nations may release emergency oil reserves, has pushed oil prices lower.

As a result, Mr. Suchet cautioned against the energy sector, which had benefited from previously rising oil prices, including PTT PCL (SET: PTT), PTT Exploration and Production PCL (SET: PTTEP), Thai Oil PCL (SET: TOP), and Bangchak Corporation PCL (SET: BCP).

Regarding the stocks that are likely to rebound, Mr. Suchet highlighted COM7 PCL (SET: COM7), Minor International PCL (SET: MINT), Bangkok Dusit Medical Services PCL (SET: BDMS), Bangkok Chain Hospital PCL (SET: BCH), Bumrungrad Hospital PCL (SET: BH), The Siam Cement (SET: SCC), and True Corporation PCL (SET: TRUE).