Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul>
<li>Although the SET initially attempted to rebound, it ultimately failed to withstand the selling pressure and dropped sharply in the afternoon session.</li>
<li>This was due to weakness in energy, commerce, finance, transportation, electronic, and petrol stocks.</li>
<li>In contrast, banking stocks moved within a narrow range, despite having already priced in 2Q25 earnings and the appointment of Thailand’s new central bank chief. </li>
</ul>


Although the SET initially attempted to rebound, it ultimately failed to withstand the selling pressure and dropped sharply in the afternoon session.
This was due to weakness in energy, commerce, finance, transportation, electronic, and petrol stocks.
In contrast, banking stocks moved within a narrow range, despite having already priced in 2Q25 earnings and the appointment of Thailand’s new central bank chief. 


<ul><li>The SET Index today needs to rebound; otherwise, it risks falling further to 1,163 points over the coming week.</li><li>Today’s support levels are at 1,180/1,176 points, with the resistance at 1,200/1,205 points.</li><li>External factors are slightly positive, following the US announcement of new trade agreements with three Asian countries (Indonesia, the Philippines, and Japan). </li></ul>

The SET Index today needs to rebound; otherwise, it risks falling further to 1,163 points over the coming week.Today’s support levels are at 1,180/1,176 points, with the resistance at 1,200/1,205 points.External factors are slightly positive, following the US announcement of new trade agreements with three Asian countries (Indonesia, the Philippines, and Japan). 

<ul><li>The SET Index is expected to trade sideways up today, with the resistance levels at 1,217/1,221 points and the support at 1,195/1,184 points.</li><li>External factors are viewed as slightly positive, as the likelihood of the US and China imposing sharply higher tariffs on each other has decreased.</li><li>However, risks remain from ongoing negotiations between the US and the EU, as well as the possibility of more targeted US tariff measures. </li></ul>

The SET Index is expected to trade sideways up today, with the resistance levels at 1,217/1,221 points and the support at 1,195/1,184 points.External factors are viewed as slightly positive, as the likelihood of the US and China imposing sharply higher tariffs on each other has decreased.However, risks remain from ongoing negotiations between the US and the EU, as well as the possibility of more targeted US tariff measures. 

<ul><li>The SET showed strong upward momentum, continuing its rally before profit taking caused a temporary pullback.</li><li>Nonetheless, the index rebounded in the afternoon session, boosted by buying activities in banking stocks following earnings results, while DELTA, energy and finance stocks also managed to bounce back.</li><li>In the meantime, foreign investors kept buying for the fourth consecutive day.</li></ul>

The SET showed strong upward momentum, continuing its rally before profit taking caused a temporary pullback.Nonetheless, the index rebounded in the afternoon session, boosted by buying activities in banking stocks following earnings results, while DELTA, energy and finance stocks also managed to bounce back.In the meantime, foreign investors kept buying for the fourth consecutive day.

<ul><li>The SET continued to benefit from positive sentiment, supported by ongoing trade negotiations between Thailand and the US.</li><li>The index advanced steadily, led by a rise in DELTA and further bolstered by gains in PTT, PTTEP, KBANK, and ADVANC, alongside consistent fund inflows.</li><li>These factors lifted the index above the 1,200-point level, ultimately closing the week up 7.62%.</li></ul>

The SET continued to benefit from positive sentiment, supported by ongoing trade negotiations between Thailand and the US.The index advanced steadily, led by a rise in DELTA and further bolstered by gains in PTT, PTTEP, KBANK, and ADVANC, alongside consistent fund inflows.These factors lifted the index above the 1,200-point level, ultimately closing the week up 7.62%.

Thailand

The Bangkok SET Index is a capitalization-weighted index of stocks traded on the Stock Exchange of Thailand. The index was developed with a base value of 100 as of April 30, 1975. 

Thailand SET Index (SET INDEX)

Technical Analysis - JULY 23, 2025

Although the SET initially attempted to rebound, it ultimately failed to withstand the selling pressure and dropped sharply in the afternoon session.

Krungthai XSpring

KTX Zoom - JULY 23, 2025

External factors are slightly positive, following the US announcement of new trade agreements with three Asian countries (Indonesia, the...

Krungthai XSpring

KTX Zoom - JULY 22, 2025

The SET Index is expected to trade sideways up today, with the resistance levels at 1,217/1,221 points and the support at 1,195/1,184 points.

Krungthai XSpring

Technical Analysis - JULY 22, 2025

The SET showed strong upward momentum, continuing its rally before profit taking caused a temporary pullback. Nonetheless, the index rebounded in...

Krungthai XSpring

Technical Analysis - JULY 21, 2025

The SET continued to benefit from positive sentiment, supported by ongoing trade negotiations between Thailand and the US.

Krungthai XSpring