Thailand Stocks Hit 3-Year High

Thailand’s SET 50 Index climbed 1.48% to around 1,015, reaching its highest level since January 2023, as broad-based sector gains lifted market sentiment. Retail and energy stocks led the rally, with notable advances from Shopify (+0.55%), Delta Electronics (+4.03%), PTT Public (+2.72%), and Advanced Info Service (+3.55%). Investor optimism was further supported by robust foreign investment activity. In January, applications totaled THB 33.8 billion, up 46% year-on-year. Many investments focus on advanced technology, AI, EVs, clean energy, and agri-business, supporting the government’s push to attract foreign capital into strategic growth sectors. Earlier this week, US tariff developments added to positive sentiment. Caretaker Finance Minister Ekniti Nitithanprapas stated that the new 15% uniform import tariffs, is expected to boost GDP above 2% and stimulate exports over the short term, supporting growth in the first half of the year.

SET 50 increased to 1015.00 Index Points, the highest since January 2023. Over the past 4 weeks, Thailand SET 50 Index gained 16.03%, and in the last 12 months, it increased 31.78%.

Thailand's SET 50 Index climbed 3 points, or 0.3%, to 953 in Wednesday morning deals, hitting its highest level since November 2024, after the ruling Bhumjaithai Party won a clear victory in Sunday’s general election. The win raised the prospect that a more stable coalition may now succeed in bringing an end to a period of prolonged political instability. The BJT, led by incumbent Prime Minister Anutin Charnvirakul, was on track to capture the most seats in the 500-seat lower house and is in pole position to form a coalition. The BJT is set to secure 191 seats out of a possible 500 in the House of Representatives, with the pro-democracy People’s Party on track for 115 seats. Commercial services, non-energy minerals, consumer durables, and industrial services mainly drove the broader index. Among the top performers were True Corp (3.1%), PTT Oil & Retail Business (2.9%), Bumrungrad Hospital (2.4%), Gulf Development (2.3%), and WHA Corp (2.1%).