Thai Stock Market May Test Support At 1,600 Points

Thailand’s stock market extended its decline with three straight down sessions, falling more than a dozen points (~0.7%) and now sitting just below the 1,610-point level. With the index expected to open under pressure again on Thursday, near-term sentiment remains cautious. The move appears incremental/technical rather than driven by new company or macro catalysts.

Analysis

Thailand’s stock market extended its decline with three straight down sessions, falling more than a dozen points (~0.7%) and now sitting just below the 1,610-point level. With the index expected to open under pressure again on Thursday, near-term sentiment remains cautious. The move appears incremental/technical rather than driven by new company or macro catalysts.