Thai stock market down 1.13 points this morning, focus on oil and tech sectors
Opening performance: closed at 1,587.10 points, down 1.13 points (0.70%)
Thai stock market this morning (July 3, 2026) adjusted down 1.13 points or 0.70% to 1,587.10 points; trading volume 11,430.24 million baht.
Main pressure sources: oil weakness and US tech sentiment
The index is under pressure due to selling in oil-related stocks. Crude oil prices continue to decline, weighing on the sector. Meanwhile, the electronic tech sector also faces selling pressure, following the pullback in US tech stocks.
Analysts believe there may be sector rotation, with funds moving from pressured areas to other sectors, resulting in range-bound trading.
Outlook and strategy: focus on potential earnings-driven buying
Analysts expect today's trading range: support 1,570-1,575 points; resistance 1,595-1,600 points.
Securities firms note that the market may trade sideways today awaiting new catalysts; meanwhile, there may be profit-buying based on Q2 2026 corporate results, especially in the bank sector, potentially attracting related buying.
