The roller-coaster ride for the SET is expected to continue on the back of both domestic and overseas factors. Russia's war on Ukraine is becoming protracted, while the next Federal Reserve meeting in mid-June has investors on edge given hawkish comments favouring a 50-basis-point rate increase.
We believe market sentiment will improve once investors digest the Fed's policy decision on June 15. As well, the lifting of entry restrictions for foreign tourists and the weak baht, which has attracted more foreign funds, will provide support for the Thai bourse.
