Thai SET Flirts With 1,300-Point Level as Energy Stocks Lead Rally

The Stock Exchange of Thailand is edging closer to a psychologically significant milestone, with the index climbing steadily over consecutive trading sessions. Currently hovering just above 1,280 points after gaining more than 25 points—a solid 2 percent advance—market participants are watching closely to see if the SET can flirt with the 1,300-point threshold in the near term.

Strong Finish on Positive Sector Rotation

Monday’s session delivered a robust performance across multiple fronts. The SET Index surged 20.38 points or 1.62 percent to settle at 1,280.05, reflecting broad-based strength from food, finance, property, service and technology stocks. Trading volume reached 6.720 billion shares valued at 45.727 billion baht, with 252 advancing issues outnumbering 207 decliners. The session’s trading range spanned from 1,269.69 to 1,287.47, demonstrating healthy volatility and investor participation.

Energy Sector Emerges as Primary Driver

The energy complex stole the spotlight as crude prices rallied sharply. Thai Oil skyrocketed 3.47 percent, while PTT Oil & Retail climbed 1.50 percent, riding global crude’s momentum. The broader energy narrative was bolstered by OPEC’s commitment to maintain production pause through early 2026, alleviating fears of market oversupply. West Texas Intermediate crude surged approximately 1 percent to reach $1.73 per barrel for February delivery, providing strong tailwinds for regional energy players.

Notable Movers Paint Mixed Picture

Among heavyweight constituents, Siam Concrete soared 3.54 percent while True Corporation accelerated 3.67 percent. Banking sector showed mixed results: Siam Commercial Bank vaulted 2.16 percent and Krung Thai Bank strengthened 1.77 percent, but Bangkok Bank added a more modest 1.47 percent. Thailand Airport climbed 2.83 percent alongside BTS Group’s 1.75 percent gain. Conversely, PTT Exploration and Production slumped 0.88 percent and SCG Packaging tumbled 1.75 percent, suggesting selective profit-taking in certain pockets.

Global Backdrop Supports Optimism

Wall Street’s firm close provided the foundational support for Asian market enthusiasm. The Dow rallied 594.79 points or 1.23 percent to finish at 48,977.18, while the NASDAQ added 160.19 points and the S&P 500 gained 43.58 points. Energy stocks led internationally following geopolitical developments and renewed OPEC output discipline, creating favorable conditions for Thailand’s oil-linked equities.

Tuesday’s session is expected to extend gains, though late-day profit-taking could emerge as participants consolidate recent advances. With the SET flirting with higher levels, the 1,300-point handle remains in sight for determined buyers, provided global risk appetite holds firm and crude prices maintain their upward trajectory.