On Friday, FSS International Investment Advisory Securities (FSSIA) expected the Thai stock market to move in a sideway and clinch toward the negative territory, in tandem with foreign markets, after the U.S. markets subsided on Thursday night due to pressure following President Donald Trump’s decision not to delay the collection of import tariffs on goods from Canada and Mexico, and China.
The analyst stated that the Thai market lacks supporting factors, with rising investor concerns regarding the stability of the government. The revision of the MSCI Global Standard indices is also expected to impact the market, potentially causing a volatile trading activity.
DAOL Securities (Thailand) expects the Thai market to trade with volatility, potentially exhibiting a rebound during the opening hours, but it will be weighed by listed companies’ 2024 performance reports and the revision of the MSCI Global Standard indices.
Meanwhile, the Ministry of Finance, Fiscal Policy Office, Bank of Thailand, and Office of the National Economic and Social Development Council will be discussing measures to bolster Thailand’s economy in 2025, with plans to utilize exports, tourism, and investment as the main focus of the measure.
While the analyst may have positive sentiment toward the plan, it remains to be seen how much the plan will stimulate the economy or investors’ confidence.
Kingsford Securities anticipated the Thai market to be pressured by U.S. tariffs. Domestically, investors will be monitoring political developments in the country after the opposition parties propose a motion of no confidence toward Prime Minister Paetongtarn Shinawatra.
The analyst suggests traders diverting investment toward safe and high yield stocks such as BH, BDMS, ADVANC, AP, SPALI, TISCO, and TTW.
