PATTAYA, Thailand – Kasikorn Securities expects Thailand’s stock market to trade within a range of 1,520–1,575 points in the week of June 29–July 3, with investors closely watching geopolitical tensions in the Middle East and foreign fund flows. The brokerage identified key support levels at 1,535 and 1,520 points, while resistance is seen at 1,565 and 1,575 points. It said global economic indicators, particularly from the United States, will remain the main driver of sentiment. Important data releases include U.S. ISM/PMI manufacturing figures, non-farm payrolls, unemployment data for June, and weekly jobless claims. Other closely watched indicators include Japan’s retail sales, eurozone inflation data, and June PMI readings from China, Japan, the eurozone, and the United Kingdom.
On Friday, June 26, the SET Index closed at 1,542.34 points, down 1.92% from the previous week, while average daily trading value rose 8.79% to 78.36 billion baht. The mai index edged up 0.45% to close at 220.28 points. Throughout the week, Thai equities were volatile. The market initially gained support from banking stocks, but upside momentum was capped by a big lot sell-off in a major energy-related stock. Sentiment later weakened as foreign investors turned net sellers, tracking declines in global equity markets. Technology sector weakness also weighed on electronic component stocks, dragging the broader market lower. Midweek, the index recovered on optimism over domestic tourism stimulus measures and the Bank of Thailand’s Monetary Policy Committee revising Thailand’s 2026 GDP forecast upward to 2.3% from 1.5%, encouraging buying in several sectors. However, late-week pressure returned due to renewed selling in electronics stocks and geopolitical concerns after reports of a commercial vessel attack in the Strait of Hormuz, following a fragile ceasefire agreement between the United States and Iran.
