TISCO Securities expected the Thai stock market to decline on Thursday, largely due to pressure on DELTA following its inclusion in the Cash Balance Level 1 (T1). This development is seen as a negative influence on the overall SET Index for the session.
Despite this, foreign markets recorded gains during Thailand’s closure for the Songkran holiday, supported by optimism over a second round of negotiations between the United States and Iran. This positive sentiment could help limit losses in Thai equities as trading resumes, providing some support to other recovering stocks and helping to stabilize the index.
TISCO has set resistance levels for the SET Index in the range of 1,510–1,520 points, with support seen between 1,470–1,480 points.
Last Friday, Thailand’s SET Index closed at 1,506.84 points, increased 17.18 points or 1.15%, with a trading value of THB 43.88 billion.
