Thai Stock Market Predicted to Commence in a Positive Trend
Informal, Approachable Take on the Thai Stock Market
Thai stock market fell short of another winning day on Thursday, snapping a two-day streak where it had galloped almost 35 points or 3.3%. The Stock Exchange of Thailand now hovers just above the 1,105-point plateau, but it's projected to bounce back up again on Friday.
The global forecast for the Asian markets is positive, thanks to an optimistic outlook on interest rates. The European and U.S. markets were on a roll, and the Asian exchanges are predicted to open with a similar swing.
The SET closed barely in the red on Thursday, with losses from the food and tech sectors being somewhat balanced by support from the consumer, finance, industrial, and energy companies.
For the day, the index slid 0.96 points or 0.09%, landing at 1,106.73 after trading between 1,104.72 and 1,117.64. The volume was a hefty 9.597 billion shares worth 42.119 billion baht. There were 286 gainers and 187 decliners, with 181 stocks remaining unchanged.
Among the actives, Advanced Info advanced 1.08%, Thailand Airport stumbled 2.34%, Asset World gained 0.56%, Banpu dropped 0.95%, Bangkok Bank strengthened 1.79%, Bangkok Dusit Medical lost 0.96%, Bangkok Expressway soared 1.81%, B. Grimm jumped 1.83%, BTS Group surged 3.33%, CP All Public shed 0.56%, Charoen Pokphand Foods retreated 1.33%, Energy Absolute sank 0.79%, Gulf gathered 0.61%, Kasikornbank collected 0.65%, Krung Thai Card plunged 3.77%, PTT Oil & Retail rallied 2.78%, PTT increased 0.82%, PTT Exploration and Production expanded 1.36%, SCG Packaging climbed 1.18%, Siam Commercial Bank rose 0.42%, Siam Concrete perked 0.30%, Thai Oil slumped 0.90%, True Corporation improved 0.91%, TTB Bank added 0.52%, and Krung Thai Bank and PTT Global Chemical were unchanged.
Wall Street dug up some impressive gains on Thursday, with the major averages opening with mild advances before picking up steam and ending at session highs—just shy of all-time highs.
The Dow leaped 404.41 points or 0.94% to close at 43,386.84, while the NASDAQ raced 194.36 points or 0.97% to wrap up at 20,167.91, and the S&P 500 galloped 48.86 points or 0.80% to finish at 6,141.02.
The markets have benefited from recent upward momentum, helping them soar well off their April lows, despite lingering uncertainty about tariffs.
The strength on Wall Street also came following the release of a slew of U.S. economic data, including a Labor Department report showing an unexpected decrease in initial jobless claims last week. Moreover, revised data released by the Commerce Department indicated that the U.S. economy shrank by more than previously estimated in the first quarter of 2025, sparking optimism for future rate cuts sooner rather than later.
Crude oil continued its recovery on Thursday, buoyed by the ongoing Israel-Iran ceasefire and reports of an increase in fuel demand in the U.S. WTI crude for August delivery closed up by $0.32, settling at $65.24 per barrel.
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For more insights, check out our analysis on the ongoing political instability affecting the Thai stock market.
- The SET's performance was supported by various sectors, including the consumer, finance, industrial, and energy sectors, helping to offset losses from the food and tech sectors.
- Wall Street's impressively strong performance was bolstered by significant gains from finance companies and complemented by the positive outlook toward Asian markets, predicting a similar swing for the Asian exchanges.
