Yuanta Securities Expects SET to Hold Steady at 1,600-1,610 Points, Eyes US-China Leaders' Meeting

HoonVision··THUSCN·Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Yuanta Securities assesses that the SET Index is likely to hold steady, with support at 1,600 points and resistance at 1,610 points. The market leaders remain the anti-oil group, namely power plants, packaging, and transport, while upstream energy and refinery stocks may consolidate as crude oil prices weaken for a fifth consecutive day, down another 2%, following news of a return to diplomatic negotiations to open the Strait of Hormuz, with Iran proposing to open the strait within 7 days in exchange for the United States reducing military and economic pressure. As for retail stocks, which have underperformed for a long time, a rotational rebound is expected after pressure from the Thai Chai Thai Plus scheme eased, with the Cabinet meeting extending the Thai Chai Thai Plus measure by another 2 months with a 1,000 baht contribution, which the market had already anticipated, and is therefore seen as neutral on that conclusion. Retail and wholesale stocks such as CPALL, CPAXT, and BJC are expected to rebound in rotation. The factor to watch is the joint meeting between the Chinese and US presidents on September 24, which is still seen as neutral, with no concrete conclusion expected.

Impact on assets 3

Consumer Staples▲ · 2 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

Expected rotational rebound in retail/wholesale stocks as pressure from the Thai Chai Thai Plus scheme eases after its 2-month extension.

Digital Finance & Tokenization▲ · 1 stocks
© 2026 MarketIVNews