On Friday at 10:00 AM (Bangkok time), the Thai stock market index stood at 1,194.39 points, down by 21.34 points or 1.76%, with a trading value of 2.57 billion baht.
InnovestX Securities noted that the SET Index is expected to be pressured by trade war concerns as U.S. President Donald Trump confirmed the imposition of a 25% tariff on Canadian and Mexican goods effective March 4, with plans to further impose an additional 10% tariff on Chinese goods. Moreover, the revision of the MSCI Global Standard indices, effective today, is also likely to increase the index’s volatility.
Furthermore, Pi Securities stated that the SET Index on Friday would move within a range of 1,200 – 1,220 points, potentially pressured by Trump’s tariff hikes. Meanwhile, in the Asian markets this morning, Japan’s Nikkei fell by as much as 1.9% and South Korea’s KOSPI dropped by 1.8%.
For investment strategy, the analyst suggests that short-term investors with low-risk tolerance may delay investments to assess various risks. However, for medium-to-long-term investors, the analyst foresees the current circumstances as an opportunity for stock accumulation with a focus on stable businesses, such as shopping centers (CPN), tourism (CENTEL), hospitals (BDMS), retail (BJC, CRC, CPALL, and HMPRO), and finance (MTC and SAWAD).
Kingsford Securities expected the SET Index to be pressured by concerns over tariff measures from the U.S. Regarding domestic concerns, Thailand’s opposition parties have proposed a motion of no confidence toward Prime Minister Paetongtarn Shinawatra.
Following these developments, the analyst suggests traders diverting investment toward safe and high yield stocks such as BH, BDMS, ADVANC, AP, SPALI, TISCO, and TTW.
