On Wednesday, Asia Plus Securities expects the Thai market to move sideways as investors monitor the central banks’ meeting. The Monetary Policy Committee is forecasted to maintain the interest rate in the afternoon meeting, and investors are recommended to closely monitor the MPC’s Thai economy viewpoints. For tomorrow, the Federal Reserve will announce the meeting’s results.
For this period, the brokerage firm anticipates speculative buying forces from the real sector’s financial statements, as well as positive catalysts from the oil prices rising to $100 per barrel benefiting the energy sector.
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 1,465 – 1,470 points and a support level at 1,465 – 1,470 points for today’s session, forecasting the Thai market to edge down after both the U.S. and Iran failed to reach an agreement to reopen the Strait of Hormuz, raising the crude oil prices. Meanwhile, investors are awaiting the results of the central banks’ meeting.
The analyst house recommends investors speculate on PTTGC and IVL, which are estimated to report a strong 1Q26 performance, as well as solar equipment installer such as GUNKUL and SINGER, which are anticipated to benefit from electricity bill surcharge for customers using more than 200 units of electricity per month. The analyst also recommends investors to park money in the value group such as ADVANC, TRUE, and SCB.
Yesterday, Thailand’s SET Index closed at 1,480.20 points, increased 1.07 points or 0.07%, with a trading value of THB 60.04 billion.
