SET50 Index Futures dip under selling pressure in large-cap and tourism stocks as oil prices surge

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The SET50 Index Futures continued to decline, pressured by selling in large-cap stocks, particularly in the tourism, airline, hospital, hotel, and power plant sectors, after WTI crude oil prices surged close to 90 dollars per barrel amid escalating tensions in the Middle East. Meanwhile, the Energy Policy Executive Committee resolved to cut the ex-refinery price for high-speed diesel by 2.40 baht per litre, weighing on refinery stocks. However, buying returned in banking and electronic components sectors, which recovered in line with US tech stocks, along with speculative buying in export stocks ahead of tomorrow's Thai export data release. Analysts at Phillip Securities Thailand assessed the outlook for tomorrow, noting the index may continue to consolidate due to stretched valuations and sector rotation ahead of Thailand's long holiday, with support at 1,080 and 1,075 points and resistance at 1,090 to 1,095 points.

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