Bangkok: Thai stocks closed this morning with a modest increase of 1.71 points, marking a 0.15% rise to reach 1,116.20 points. The trading value was approximately 15,835 million baht.
According to Thai News Agency, analysts highlighted that the Thai stock market's performance lagged behind the regional markets, despite signs of easing tensions in the Middle East. The energy and oil sectors experienced downward adjustments, which acted as a drag on the market. The absence of new domestic supporting factors further contributed to the cautious sentiment.
Technical factors remained negative, which limited the market's rebound potential. Analysts predict that the market will likely fluctuate within a narrow range in the afternoon session, as investors closely monitor developments in US trade negotiations, the Federal Reserve meeting, and the ongoing Middle East situation. The support level is projected to be between 1,107 and 1,100 points, while resistance is expected at 1,123 points.