Thai Stock Index Faces Support at 1,445 and 1,430 Points, Resistance at 1,490 and 1,500 Points

Hoonsmart

Published 2026-11-07

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Key summary

KASIKORN Securities estimates the support level for the Thai stock index at 1,445 and 1,430 points, with resistance at 1,490 and 1,500 points. The SET index closed the week of November 6, 2026, at 1,465.70 points, down 3.48% from the previous week. The lowest point in the last six and a half months was 1,461.08 points. Factors weighing on the market include the U.S. midterm elections, the situation in the Middle East, and the direction of foreign investment. Foreign investors net sold Thai stocks for 4,998 million Thai baht, but net purchased Thai bonds for 10,982 million Thai baht. The outlook for the Thai baht next week (November 9-13) is between 33.10 and 33.80 baht per U.S. dollar.

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Business Insight — Publisher’s Perspective

The reported decline in the SET index and the strengthening of the Thai Baht against the US dollar may influence business decisions for exporters and importers operating in Thailand. A Baht trading range between 33.10 and 33.80 per US dollar could affect the cost competitiveness of exported goods, as a stronger currency might reduce revenue when converted back to foreign currencies, while potentially lowering the local cost of imported raw materials or equipment. Conversely, the net outflow of foreign investment from Thai stocks but inflow into government bonds suggests that foreign investors are currently favoring safer assets, which could limit capital availability for companies seeking equity financing and might lead some firms to consider alternative funding sources or adjust their expansion plans cautiously. The volatility driven by external factors such as US election results and regional tensions indicates that market conditions remain sensitive to global events, meaning businesses should monitor these developments when planning inventory levels, pricing strategies, or investment timelines, though no specific regulatory changes or guaranteed outcomes are implied by these technical levels.

M31 Thailand News

M31 has compiled the key facts based on reporting from the source below. Please refer to the original article for details.

This article was restructured with AI-assisted translation and may contain errors. Please refer to the original source below for accuracy.

Source report

Hoonsmart

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