Brokers project neutral-to-negative outlooks for the Thai stock market on Thursday, as investors continue to monitor 2Q26 corporate earnings after having factored in the geopolitical factor. Market participants also closely watch fund flow movements, which are starting to exhibit an outflow pattern since the beginning of August.
FSS International Investment Advisory Securities (FSSIA) expects the Thai benchmark to move sideways to sideways-down in early trading, with key companies’ second-quarter results determining equity price movements. The technology sector, which previously posted gains, is seeing increased selling activity, contributing to downward pressure.
The securities firm added that although some foreign investors have resumed net selling in August, overall fund movements still appear tilted toward inflows.
The analyst recommends a selective investment approach in the prevailing environment, setting a support level at 1,600 points and a resistance level at 1,615 points for the SET Index.
Daol Securities also anticipates the Thai bourse to move sideways, noting that external developments—such as the ongoing U.S.-Iran negotiations—have largely been priced in, while investors await more tangible progress, for example in the form of joint statements.
Market participants are also closely watching the announcement and preview of quarterly results. In the first two trading days of August, foreign investors sold Thai equities worth a total of THB 7.73 billion, mirroring a broader regional trend but at a relatively higher magnitude.
Yesterday, Thailand’s SET Index closed at 1,609.78 points, decreased 7.35 points or 0.45%, with a trading value of THB 90.13 billion.
