Brokers projected mixed outlook on the Thai equity market on Thursday morning after sharp losses led by electronics shares the previous day. Investors are monitoring the global investment climate, with overseas technology stocks showing initial signs of stabilization.
TISCO Securities indicated that while the Thai benchmark index has potential to recover in early trade, concerns linger over renewed tensions in the Middle East, which triggered strong selloffs in the electronics components sector. Although some improvement in foreign equities—particularly tech shares—offered support, the atmosphere remained cautious.
The securities firm set a support level for the SET Index at 1,570 and 1,550 points, with a resistance level at 1,595 – 1,600 points.
Daol Securities noted that further decline in the Thai stock index is possible. Today’s market direction is expected to hinge on the Constitutional Court’s decision regarding The proposed THB 400 billion Emergency Loan Decree.
The brokerage firm assessed that the index would likely remain volatile and could continue its decline, as persistent geopolitical risks sustain a risk-off tone among investors. However, rising oil prices could support energy stocks, potentially limiting further losses.
Yesterday, Thailand’s SET Index closed at 1,576.25 points, decreased 27.88 points or 1.74%, with a trading value of THB 97.96 billion.
