On Friday, TISCO Securities expects the Thai market to extend gains due to the prospect of the end to the Middle East war, after President Donald Trump signaled that the U.S. and Iran may sign a peace deal in near term, causing the oil prices to decline, easing inflation pressures, and curbing bond yield—which is a positive catalyst for risk assets.
The securities firm set a resistance level for the SET Index at 1,590 – 1,595 points and a support level at 1,560 points for today’s session.
Daol Securities estimated that the SET Index will maintain the volatile movement after President Trump halted the attacks on Iran, stating that the peace deal will be achieved in the near future.
Domestically, DELTA remains the leading equity in the Thai bourse, while the tech sector, which faced continued selloffs, may potentially rebound today.
Additionally, market participants will focus on the public debut of SpaceX (SPCX) on the Nasdaq.
Yesterday, Thailand’s SET Index closed at 1,572.32 points, increased 8.73 points or 0.56%, with a trading value of THB 52.25 billion.
