On Friday, Krungthai XSpring Securities expects the Thai market to move sideways-down along with the international markets’ trend. This was due to the reignited tension in the Middle East following a clash in the Strait of Hormuz. Furthermore, there are lingering uncertainties on whether Iran will accept the U.S. peace term or not.
The securities firms set a resistance level for the SET Index at 1,510 – 1,515 points and a support level at 1,485 – 1,490 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,515 – 1,520 points and a support level at 1,490 – 1,500 points for today’s session, forecasting the Thai market to potentially stabilize as investors await 1Q26 financial reports from stocks in the Domestic Play theme, as well as the U.S.-Iran peace talk this weekend.
The brokerage house recommends investors accumulating GULF and GPSC, which announced strong 1Q26 performances along with the prospect of robust electricity sales growth in 2Q26.
Additionally, the analyst also recommends speculating on TRUE, THCOM, and TIDLOR, which reported better-than-expected 1Q26 results.
Yesterday, Thailand’s SET Index closed at 1,507.53 points, decreased 9.38 points or 0.62%, with a trading value of THB 81.70 billion.
