Thai stocks today swing sideways Expect the Fed to cut interest rates next year - oil prices soar - tourism recovers

Thai stocks today (27 Dec.) Analysts expect to swing sideways to sideways up. Investors expect the Fed to cut interest rates next year. The price of crude oil has increased. In addition, tourist numbers are reported to have recovered well.

Mr. Chanchai Panthathanakij, Director of Research at Maybank Securities (Thailand), said that the trend for the Thai stock market this morning (December 27) is expected to be sideways to sideways up, supported by positive signals from the US stock market, which rose yesterday.

Meanwhile, the dollar index weakened. This is because investors believe that the Federal Reserve (Fed) will cut interest rates next year.

Including yesterday The price of Brent crude oil (BRENT) rose quite sharply by 2.5% on news that the Houthi rebels returned to attack cargo ships in the Red Sea once again. which such issue Supporting the oil and refinery groups to come back and support the market.

While yesterday's domestic factors Tourist numbers have been reported over the past week. It reflects the picture of recovery well. This will help support stocks related to tourism and domestic consumption.

However, at the end of the market today you may have to be wary of additional volatility. Because today is the last day of trading on the TFEX market in Series Z, normally the volatility at the end of the market increases. But the overall atmosphere of investing in the Thai stock market index is still good.

Today's Top Pick stock is BH , due to the significant increase in Middle Eastern tourists entering the country during October and November. This reflects a likely healthy level of Middle Eastern patients at BH, supporting its financial performance.

And the stock price has adjusted down significantly and ICHI has indirectly benefited from the increased number of tourists. Causing domestic consumption to increase, including ICHI will enter the calculation of the SET100 index in the first half of 2567, resulting in the latter part There may be money from the fund coming in to buy it. And it is expected that in the 1st quarter of 67, which is the high season, profits will return to grow both QoQ and YoY again.

along with providing a support index frame of 1,405 points and a resistance level of 1,425 points

InnovateX Securities stated that although Thai stocks can still rise, the overbought condition is slowing down the acceleration of the uptrend, and a potential correction should be watched out for. Resistance levels are at 1,415 and 1,420 points, respectively.

While the short-term support levels are at 1,405 and 1,398 points, respectively, if they are lower, it will be a negative signal for the picture of a correction.

In the short term, it is seen that the rise in the world stock market will begin to slow down. After the US stock market has continued to rise in the past 2 months. In addition, it is entering the long holiday period of Christmas and New Year.

The Thai stock market is expected to receive short-term support from window dressing, investment inflows from TESG and RMF funds in the final quarter of 2566, and short covering may occur if the SET index remains above 1,400. Therefore, a "selective buy" investment strategy is recommended.

Read related news

• Dow Jones closed up 159.36 points on speculation that the Fed will cut interest rates next March.
• The baht opened this morning at 34.55 baht/dollar, strengthening slightly.