Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on March 13, 2026, that although Asian markets remain under pressure, the Stock Exchange of Thailand (SET) Index was able to close the previous session with gains, supported by political stability.
Nonetheless, the SET Index remains pressured by the rise in oil prices, driven by the conflict in the Middle East. Mr. Kantara expects the market’s near-term support and resistance levels to be at 1,340 and 1,430 points, respectively. He also estimates that investors may focus on profit-taking today, as the index often declines on Mondays due to developments over the weekend.
Currently, Brent crude oil prices are hovering above USD 100 per barrel. Mr. Kantara noted that this price level will weigh on the SET Index. He recommended that investors monitor movements in global stock markets and oil prices. If there are signals or forecasts indicating that oil prices will decline, the SET Index could rebound.
Regarding political stability, Mr. Kantara noted that the leading political party, the Bhumjaithai Party, is likely to form a governing coalition without much difficulty. The new administration is also expected to last around two years, which is roughly the average lifespan of Thai governments before the dissolution of parliament. These estimations generate positive sentiment and help offset downside pressure on the SET Index.
As for investment strategy, Mr. Kantara recommended selective buying, highlighting Gulf Development PCL (SET: GULF), Bangkok Dusit Medical Services PCL (SET: BDMS), CP All PCL (SET: CPALL), Charoen Pokphand Foods PCL (SET: CPF), Muangthai Capital PCL (SET: MTC), and NSL Foods PCL (SET: NSL) as stocks to buy on market weakness.
