On Wednesday, Krungthai XSpring Securities expects the Thai market to move sideways-down due to concerns over rising inflation and U.S. bond yield, which pressured the global markets including Thai bourse. These concerns, however, may also bolster the banking sector, which can help shore up the Thai market alongside the energy stocks that benefited from oil prices.
The securities firms set a resistance level for the SET Index at 1,520 points and a support level at 1,500 points for today’s session.
Daol Securities stated that the SET Index may trade sideways within a narrow range, as most investors are waiting for the negative catalysts to dissipate, while also engaging in short-term speculative moves.
Today’s key factors include the development in the Middle East, and listed companies’ financial statements.
The analyst house recommends investors closely monitor the rollout of the “Thai Helps Thai Plus” THB 4,000 cash handout scheme for 43 million Thai citizens, supporting purchasing power for the June – July, 2026 period.
Yesterday, Thailand’s SET Index closed at 1,516.69 points, decreased 1.05 points or 0.07%, with a trading value of THB 51.25 billion.
