Bangkok: Thai stocks closed today at 1,191.75 points, marking a decline of 16.38 points (-1.36%), with a trading value of 49,095.62 million baht. Analysts have attributed this downturn to weak market fundamentals, following a previous rise driven by liquidity and fund flow, which was influenced by news of trade negotiations and the appointment of a new governor for the Bank of Thailand.

According to Thai News Agency, the performance of the banking sector was average, contributing to significant selling pressure in the market. Analysts suggest that while there is a possibility of a slight recovery tomorrow, it will likely occur within a narrow range. Market participants are advised to keep an eye on the ongoing Thai-US trade negotiations and the Q2/68 budget developments. The market's resistance level is identified at 1,201 points, while the support level is at 1,181 points.