SET Index Support at 1,515 and 1,500 Points, Resistance at 1,530-1,550, Driven by Tourism and Banking Stocks; Index Reacts to U.S. Election Results; Thai Baht Expected to Fluctuate Between 33.30 and 34.00.

Key summary

Kasikorn Securities estimates that the SET index for the upcoming week (November 2-6, 2026) has support levels at 1,515 and 1,500 points, while resistance levels are at 1,530 and 1,550 points. The index rose at the beginning of the week due to buying pressure in the banking and tourism sectors, but then declined towards the end of the week due to lower-than-expected earnings for the third quarter of 2026 from electronics and petrochemical companies, as well as concerns about refinery profits following the government's oil price restructuring. Kasikorn Research Center identifies factors to watch, including the results of the U.S. midterm elections (November 3), the consumer price index for October, third-quarter 2026 earnings, the Middle East situation, and the direction of foreign investment. The Thai baht is expected to fluctuate between 33.30 and 34.00 per U.S. dollar between November 2 and 6, 2026. The Thai baht closed on Friday, October 30, 2026, at 33.68 per U.S. dollar. Foreign investors bought a net total of 460 million Thai baht in Thai stocks, but sold a net total of 2,548 million Thai baht in Thai bonds during the same week.