Thai Bourse Set For Rebound As Global Markets Flash Green Signal

The Thai stock market appears poised for a recovery after consecutive losses knocked the Stock Exchange of Thailand down roughly 4 points or 0.3 percent in recent trading sessions. The benchmark index currently trades just below the 1,275-point mark, with momentum potentially shifting upward on Monday as global sentiment improves.

Global Tailwinds Support Asian Recovery

Optimism surrounding interest rate trajectories is lifting Asian markets broadly. U.S. markets delivered positive signals on Friday, with the Dow Jones adding 104.05 points (0.22 percent) to close at 47,954.99, while the NASDAQ climbed 72.99 points (0.31 percent) to 23,578.13 and the S&P 500 gained 13.28 points (0.19 percent) to 6,870.40. Weekly gains showed the NASDAQ up 0.9 percent, the Dow ahead 0.5 percent, and the S&P 500 rising 0.3 percent.

This strength reflects investor appetite following consumer price inflation data that aligned with expectations, reinforcing market expectations for potential Federal Reserve rate cuts. CME Group’s FedWatch Tool currently prices an 87.2 percent probability of another quarter-point rate reduction this week.

SET Thursday Session: Mixed Signals In Leg Thai Trading

On Thursday, the Stock Exchange of Thailand wrapped the session marginally lower, with the index dipping 1.05 points or 0.08 percent to 1,273.77. Trading ranged between 1,270.89 and 1,284.32, generating 5.489 billion shares worth 38.508 billion baht in volume. The market showed internal imbalance with 255 declining stocks against 181 gainers, while 226 issues remained flat.

Sectoral pressure came from industrials, properties, and technology stocks, though food, resources, and services provided counterbalance. Among actively traded names, Thailand Airport soared 11.58 percent—a notable outlier—while Advanced Info retreated 0.65 percent. Other movers included PTT vaulting 1.60 percent, Gulf jumping 1.89 percent, and Charoen Pokphand Foods advancing 0.98 percent.

Individual Stock Performance Highlights

Weakness dominated several blue-chip names: Bangkok Expressway plunged 1.80 percent, B. Grimm fell 1.41 percent, BTS Group stumbled 2.34 percent, and Siam Concrete tanked 2.13 percent. Bangkok Dusit Medical skidded 1.05 percent, while PTT Exploration and Production dropped 1.85 percent and PTT Global Chemical slumped 0.98 percent.

On the positive side beyond Thailand Airport’s exceptional move, Krung Thai Bank collected 0.88 percent gains and TTB Bank added 0.51 percent. Bangkok Bank rose modestly by 0.30 percent. Stocks like Kasikornbank, Siam Commercial Bank, Asset World, and True Corporation remained unchanged through the session.

Energy Markets Signal Fresh Momentum

Crude oil prices edged higher Friday as geopolitical tensions persisted from the Russia-Ukraine conflict and U.S.-Venezuela relations. West Texas Intermediate crude for January delivery climbed $0.35 or 0.59 percent to settle at $60.02 per barrel, reflecting steady risk premium demand in energy markets.