Thai Stock Market Pauses After Solid Three-Day Rally

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Thailand’s equities market is taking a breather following a strong three-session streak that delivered over 40 points of gains—a 3.2% surge that lifted the Stock Exchange of Thailand (SET) just above the 1,275-point level. On Friday alone, the index climbed 14.21 points or 1.13% to close at 1,275.60, supported by broad-based strength across food, finance, industrial, property, resource, services and technology stocks.

Friday’s Market Action

The thai leg showed solid momentum with trading volume hitting 7.482 billion shares valued at 45.773 billion baht. Gainers outnumbered losers 298 to 154, with 201 stocks unchanged. Energy stocks and airports led the charge—Gulf Energy surged 4.62%, while Energy Absolute jumped 4.41% and PTT Oil & Retail accelerated 3.65%. Tourism-related names also performed well, with Thailand Airports spiking 1.95%, suggesting investor optimism about travel recovery.

Among major blue chips, Bangkok Dusit Medical rallied 2.16%, TTB Bank jumped 1.98%, and BTS Group and Krung Thai Card both vaulted 1.87%. Other notable movers included Asset World (+1.01%), Kasikornbank (+1.31%), and PTT Global Chemical (+1.29%). Defensive names saw mixed results, with Bangkok Bank shedding 0.58% and Siam Concrete losing 0.48%.

Headwinds Ahead

Monday’s trading could prove lacklustre as global sentiment remains cautious. Wall Street finished Friday on a soft note—the Dow dipped 83.07 points (0.17%), the S&P 500 fell 4.46 points (0.06%), and the NASDAQ slipped 14.61 points (0.06%). For the full week, all three indices ended in the red, with the NASDAQ down 0.7%, the S&P 500 down 0.4%, and the Dow nearly flat.

Uncertainty surrounding U.S. Federal Reserve leadership and interest rate expectations is weighing on investor sentiment. Trump’s economic policy shifts—including tariff threats and geopolitical tensions—add another layer of complexity. Crude oil prices ticked higher on Middle East consolidation concerns, with WTI crude for February delivery up $0.40 (0.68%) to $59.59 per barrel.

The Thai market may lack directional conviction on Monday as regional bourses track the softer Western lead and investors digest mixed signals from Washington’s policy outlook.

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