On Thursday, Krungthai XSpring Securities expects the Thai market to move sideways, with support catalysts from oil stocks that benefited from the recovering oil prices as the Middle East situation protracted. Furthermore, there are potential tailwinds from short-term speculation on listed companies’ 1Q26 performance.
Nonetheless, there are volatilities from the Middle East uncertainty.
The securities firms set a resistance level for the SET Index at 1,490 points and a support level at 1,470 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,490 – 1,500 points and a support level at 1,465 – 1,475 points for today’s session, forecasting the Thai market to maintain positive momentum due to the U.S. extended ceasefire for the Iran war, which lowered tensions.
Domestically, investors are awaiting the result of the economic Cabinet meeting this week, which determined the rollout of the economic stimulus measures.
The analyst house recommends investors accumulate stocks that benefited from the stimulus measures and investment incentive measures including GULF, GPSC, AMATA, WHA, CK, STECON, INSET, GUNKUL, BTS, and BEM, as well as parking the money at the high yield funds such as CPNREIT, DIF,and 3BBIF.
Yesterday, Thailand’s SET Index closed at 1,479.74 points, decreased 3.76 points or 0.25%, with a trading value of THB 59.49 billion.
