Bangkok: Thai stocks saw an increase as the Stock Exchange of Thailand closed this morning at 1,205.17 points, marking a rise of 7.06 points, or 0.59%, with a trading value of approximately 33,403 million baht.

According to Thai News Agency, analysts noted that the Thai stock market's recovery is attributed to optimism surrounding trade negotiations. The Thai government has adjusted its proposal to the United States, with expectations that the tax rate will be reduced to 18-20%, aligning with regional standards. This development has made Thai stocks more attractive, especially as their valuations are considered reasonable compared to foreign stocks, which have seen continuous price increases.

The market outlook for the afternoon suggests monitoring the performance of Thai listed companies in the second quarter of 2024, as well as ongoing trade negotiations. The support range for the market is identified at 1,198 points, with resistance at 1,210 points.