Bangkok: Thai stocks closed this morning up 10.78 points. The Stock Exchange of Thailand (SET) concluded its morning session at 1,131.91 points, marking an increase of 10.78 points, or 0.96%, with a trading value of approximately 15,843 million baht.
According to Thai News Agency, analysts have observed that the Thai stock market has successfully breached the critical resistance level of 1,130 points, indicating positive momentum. Despite ongoing uncertainties surrounding the trade war, the market has already factored in the adverse effects and remains hopeful for a potential agreement. Additionally, there is some speculative activity concerning the Q2/68 results, which is contributing to the positive outlook. The trend for the afternoon session is expected to see continued positive fluctuations.
Analysts recommend monitoring the European stock market closely, especially in light of the recent 30% import tax imposed by the US on EU products. The support level for the Thai market is identified at 1,115 points, with a new resistance level set at 1,145 points.