## Thai Market Poised For Rebound As Global Risk Sentiment Improves

After shedding nearly 4 points over two consecutive sessions, Thailand's stock market is regaining its footing. The Stock Exchange of Thailand (SET) closed Thursday marginally in the red—down just 1.05 points or 0.08%—to settle at 1,273.77, positioning the index right below the critical 1,275 level. Trading volume hit 5.489 billion shares valued at 38.508 billion baht, with 255 decliners against 181 gainers.

### Mixed Sector Performance Masks Underlying Strength

Divergence across sectors tells an interesting story. While industrials, properties, and tech stocks dragged the market lower, defensive plays in food production, resources, and services cushioned the decline. Among major constituents, Thailand Airport's stellar 11.58% jump stood out dramatically, while weakness materialized in BTS Group (down 2.34%), Siam Concrete (off 2.13%), and Bangkok Expressway (sliding 1.80%). Energy stocks sent mixed signals—Energy Absolute fell 0.76%, yet PTT surged 1.60%.

The resilience in certain pockets suggests institutional buyers remain patient despite near-term pressure. From the Thai street market perspective, retail participation remains moderate—evidenced by unchanged positions in Kasikornbank, Siam Commercial Bank, and True Corporation.

### Global Backdrop Supports Monday's Outlook

Friday's Wall Street action reinforces optimism for Asian reopenings. U.S. indices clawed back meaningful gains following cooler-than-expected inflation data, with the S&P 500 rising 0.19% and NASDAQ climbing 0.31%. The CME FedWatch Tool now signals an 87.2% probability of another 25-basis-point Fed rate cut this week—a development that typically benefits emerging market equities like Thailand.

Crude prices inched upward to $60.02 per barrel, reflecting lingering geopolitical friction. This energy tailwind should support oil-linked sectors on the SET.

### What's Next For SET

Heading into Monday, technicians eye a potential break above 1,275 as a confirmation signal for sustained recovery. The combination of dovish Fed expectations, modest global equity momentum, and oversold conditions in key Thai stocks creates conditions for mean reversion. However, traders should watch individual stock breadth—the 255 decliners on Thursday suggest selective strength rather than broad-based conviction.

The near-term direction hinge on whether institutional capital re-engages or profit-taking resurfaces at higher levels.