On Thursday, Kasikorn Securities expects the Thai market to slide along with the regional markets’ trend, after the Federal Reserve meeting came out with a slight hawkish tone, and an expectation of maintaining the interest rate at a high level for the foreseeable future.
However, there is short-term positive momentum from the profit forecast upgrade in some industrial groups.
The securities firms set a resistance level for the SET Index at 1,490 points and a support level at 1,475 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,500 points and a support level at 1,480 – 1,485 points for today’s session, forecasting the Thai market to stabilize within range due to the long holiday at the weekend, while investors are awaiting real sectors’ 1Q26 earnings reports.
The analyst house recommends investors accumulating AMATA and WHA, as the Board of Investment reported that Thailand drew over one trillion baht of investment in 1Q26. The recommendation also extended to BH and BDMS as foreign patient count in 2Q26 is anticipated to potentially recover year-on-year. The analyst also recommends investors speculate on PTTEP after the oil prices surged 6% yesterday.
Yesterday, Thailand’s SET Index closed at 1,491.74 points, increased 11.54 points or 0.78%, with a trading value of THB 57.08 billion.
