The Thai stock market on 9 May 2025 is expected to move sideways-up, following the positive momentum in Asian markets. The SET Index has a resistance level at 1,220 points and a support level at 1,200 points.
Key factors influencing the market today:
- Global Market Trends: The U.S. stock market surged after President Donald Trump announced a successful trade negotiation with the United Kingdom.
- Investor Sentiment: Investors are awaiting the U.S.-China trade talks and China’s import/export figures, which are expected to be released today.
- Domestic Drivers: The Thai market is supported by strong Q1 earnings from listed companies.
Yesterday, the SET Index closed at 1,206.59 points, down 13.68 points (-1.12%), with a trading value of THB 42.69 billion.
The Thai stock market on 9 May 2025 is expected to see strong performance in the following sectors:
- Energy: Rising global oil prices are boosting energy stocks, with investors showing confidence in oil and gas companies.
- Commerce: Retail and consumer goods companies are benefiting from fiscal stimulus and steady domestic demand.
- Telecommunications: The sector remains resilient, supported by strong earnings and continued digital transformation.
- Agriculture & Food: Increased exports and stable commodity prices are driving growth in this sector.
- Consumer Finance: Financial services firms are expected to perform well due to stable interest rates and strong loan demand.
Looking ahead, market participants will closely monitor U.S. jobs data due Friday and Thailand’s first-quarter GDP figures, set for release next week. A stronger-than-expected economic performance could revive confidence, but further global turbulence may prolong the slump. For now, traders advise caution as the market navigates a fragile recovery.
Sources: Thai Commerce Ministry, Krungthai Bank, Investment Analysts Association
