• The Thai stock market fell at the end of the week following the outcome of Thailand-US trade negotiations.
The SET surged early to midweek, supported by continued optimism towards trade negotiations between Thailand and the US. The reports that the EU had reached a trade deal with the US led the market to anticipate that Thailand could reach a trade deal with the US before the August 1 deadline, spurring buying across all sectors.
The SET briefly surged to a 5-month high of 1,255.39 points at the end of the week before declining due to profit-taking across all sectors, particularly energy, technology and banking sectors. This drop came after the market had already priced in the news that Thailand reached a trade agreement with the US, and import tariffs were reduced to 19%, in line with market expectations. Additionally, the decline in the SET was consistent with regional bourses, amid concerns over the impact of US tariff policies.
• On Friday, August 1, 2025, the SET closed at 1,218.33 points, up 0.10% over-week. The average daily trading value was THB53,695.21 million, up 21.35% over-week. The mai closed at 249.41 points, up 0.47% over-week.
• August 4-8, 2025, KSecurities expects the SET to have support at 1,200 and 1,190 points, but resistance at 1,230 and 1,255 points, respectively. KResearch advises investors to watch key factors, including Thailand’s July Inflation, 2Q-2025 performance results of Thai listed companies, issues related to US tariff policies, and foreign fund flows. The US economic data that warrant close monitoring include July Services PMI/ISM, and Weekly Jobless Claims. Close attention must also be paid to July Services PMI of China, Japan and Eurozone, Eurozone’s June PPI, plus China’s July Exports.
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