On Wednesday, FSS International Investment Advisory Securities expects the Thai market to extend gain as the Middle East war concerns begin to subside, with prospect of the situation improving within the next 2-3 weeks.
Domestically, the market has a technical positive momentum from the SET Index surpassing the key resistance level of 1,430 points.
The brokerage firm recommends investors closely monitor the Federal Reserve chair’s speech after tonight’s meeting.
The securities firms set a resistance level for the SET Index at 1,450 – 1,466 points. A support level was given at 1,430 and 1,420 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,440 – 1,450 points and a support level at 1,420 – 1,430 points for today’s session, forecasting the Thai market to potentially benefit from the prospect of robust 1Q26 performance in the energy and petrochemical sector due to rising crude prices.
Currently, investors are monitoring the meeting in major central banks.
The analyst firm recommends investors accumulate stocks with value themes including ADVANC, TRUE, KBANK, SCB, KTB, and GULF, as well as speculate on PTTGC and IVL, which benefited from increased product spread.
Yesterday, Thailand’s SET Index closed at 1,433.88 points, increased 28.86 points or 2.05%, with a trading value of THB 71.25 billion.
