Brokers project neutral-to-positive outlooks for the Thai stock market on Friday, as concerns over U.S. monetary policy has subsided after some Federal Reserve officials have expressed dovish outlook on policy rates.
Maybank Securities (Thailand) expects the Thai benchmark to improve along with global markets’ trend, as reduced concern over further U.S. monetary policy is helping sentiment after Fed officials signaled support for keeping rates unchanged.
Domestically, investors are monitoring the first meeting of the data center board, which is among the key local developments for the session.
The securities firm set a support level for the SET Index at 1,570 points, and a resistance level at 1,590 points.
Daol Securities offered a more cautious view, forecasting that the Thai bourse will continue to move sideways. The broker said macroeconomic signals remain central to investor positioning, particularly uncertainty surrounding upcoming U.S. employment and inflation figures due next week.
The analyst noted that recent mildly dovish remarks from Fed policymakers could provide some support to investment sentiment. However, it said the Thai market still lacks additional positive domestic catalysts.
Yesterday, Thailand’s SET Index closed at 1,576.92 points, increasing by 1.85 points or 0.12%, with a trading value of THB 64.48 billion.
