Thai Stock Market Closes Slightly Lower Amid Mixed Signals

Bangkok: The Stock Exchange of Thailand concluded the trading session at 1,160.74 points, marking a decline of 2.68 points or 0.23%, with a trading value reaching 36,281.33 million baht.

According to Thai News Agency, the Thai stock market showed signs of recovery before ending on a slightly negative note due to an absence of strong supporting factors. The petrochemical sector made attempts to rebound as tensions from the trade war showed signs of short-term easing. However, this recovery was offset by selling pressures on key stocks such as KBANK and DELTA.

Market analysts indicated that the stock market might experience further declines in the upcoming session. They advised investors to keep a close watch on the US Federal Reserve meeting report and crude oil prices, which could heavily influence market movements. The current support levels are identified at 1,160 points and 1,145 points, while resistance levels are seen at 1,166 points to 1,170 points.