CGSI Expects SET to Rebound in 1,550-1,585 Range After Fed's 0.25% Rate Hike, Recommends BJC and KBANK

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2▲4 ▼0Impact / 5
Summary · why it matters

CGS International Securities (Thailand), or CGSI, expects the SET Index to see a technical rebound today in line with Asian stock markets, projecting a trading range of 1,550-1,585 points after the US Federal Reserve raised interest rates by 0.25% as the market had expected. However, CGSI noted that short-term investment sentiment remains pressured by the Fed's hawkish stance, which signals it may raise rates further this year to curb still-high inflation, amid oil prices that, although starting to ease, remain elevated. In the US stock market on September 16, 2026, the Dow Jones closed at 51,461.90 points, down 631.21 points or 1.21%; the S&P 500 closed at 7,551.81 points, down 33.92 points or 0.45%; and the Nasdaq closed at 25,978.42 points, down 3.15 points or 0.01%. European stocks rebounded, with the STOXX 600 closing at 637.09 points, up 2.91 points or 0.46%. Asian markets saw buying return this morning, especially in Japan, where the Nikkei opened up more than 700 points on buying in technology shares. For investment strategy, CGSI recommends BJC on the clearer recovery trend at Big C after the results of its business restructuring began to show through in earnings, with a take-profit level of 17.90 baht and a stop-loss at 17.10 baht. It maintains a Neutral weighting on the banking sector and picks KBANK as its Top Pick on rising demand for large corporate loans, mortgages, credit cards, and personal loans, with a take-profit level of 254 baht and a stop-loss at 248 baht.

Impact on assets 4

Consumer Staples▲ · 1 stocks
Berli Jucker PCL
BJC
▲ PositiveCapitalrelevance

CGSI recommends BJC as a buy on clearer recovery at Big C after restructuring shows through in earnings, with take-profit/stop-loss levels.

Financials▲ · 1 stocks
Others▲ · 2 stocks
％Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance

The Fed raised the effective federal funds rate by 0.25% and signaled further hikes this year, pushing the policy rate yield up.

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