Thailand's SET Index May Test the 1,300 Mark as Regional Rally Extends

The Stock Exchange of Thailand is positioned to potentially reach the 1,300-point threshold, buoyed by two consecutive days of substantial gains. The index has already advanced over 25 points—representing a 2 percent climb—and now hovers just above 1,280, signaling strong momentum heading into the week.

Global Market Support Fuels Optimism

Tuesday’s session is anticipated to open on a constructive note, with the overall regional outlook remaining positive. U.S. and European equity markets finished in positive territory, setting a supportive tone for Asian bourses. Energy stocks are expected to lead the charge, though profit-taking cannot be ruled out as the day progresses.

Monday’s Strong Performance Across Multiple Sectors

The Thai benchmark closed decisively higher on the previous session, climbing 20.38 points or 1.62 percent to settle at 1,280.05. The gains were broadly distributed, with strength emerging from food, finance, property, services, and technology segments. Trading ranged between 1,269.69 and 1,287.47, with volume reaching 6.720 billion shares valued at 45.727 billion baht.

Breadth remained favorable, recording 252 advancing stocks against 207 decliners, while 205 issues closed flat.

Individual Stock Performance Highlights

Among major constituents, True Corporation led with a surge of 3.67 percent, followed by Siam Concrete’s impressive 3.54 percent gain and Thai Oil’s 3.47 percent rally. Siam Commercial Bank vaulted 2.16 percent, while Thailand Airport and Advanced Info Service climbed 2.83 and 2.56 percent respectively.

Weakness emerged in select pockets, with SCG Packaging dropping 1.75 percent and Bangkok Expressway retreating 0.93 percent. PTT Exploration slipped 0.88 percent, PTT declined 0.78 percent, and Gulf Energy lost 0.60 percent.

Energy Rally Drives Western Markets Higher

Wall Street’s strength reflected optimistic developments in global energy markets. The Dow Jones Industrial Average surged 594.79 points or 1.23 percent to 48,977.18, driven largely by oil sector enthusiasm. The broader market also participated, with the S&P 500 gaining 43.58 points or 0.64 percent to close at 6,902.05, and the NASDAQ adding 160.19 points or 0.69 percent to 23,395.82.

Oil Market Dynamics Support Regional Sentiment

Crude oil prices strengthened considerably as OPEC confirmed its intention to maintain production pause into early 2026, alleviating concerns about market oversupply. West Texas Intermediate crude for February delivery climbed to $1.73 per barrel, up 0.99 percent.

Mixed U.S. Economic Signals

On the domestic economic front, U.S. manufacturing activity contracted unexpectedly in December, according to supply management data, tempering some of the optimistic sentiment. Nevertheless, energy-related momentum continues to support the broader Thai market outlook heading into the week.