Thai Bourse Eyes 1,300 Territory as Rally Gains Momentum

The Thai equity market continues its upward trajectory, with back-to-back gains pushing the index closer to significant milestones. After climbing beyond 1,280 points, traders are eyeing whether the Stock Exchange of Thailand can breach the 1,300-point barrier in the near term.

Monday’s Strong Performance Signals Bullish Sentiment

On Monday, the SET delivered an impressive session, with the index ascending 20.38 points—representing a solid 1.62 percent advance to reach 1,280.05. Trading activity ranged between 1,269.69 and 1,287.47, creating a relatively tight band for the session. Volume proved robust at 6.720 billion shares valued at 45.727 billion baht, indicating healthy investor participation across the market.

The gainers outnumbered decliners, with 252 advancing stocks against 207 declining ones, while 205 remained flat. This breadth suggests underlying strength in the market’s structure.

Sector Leaders and Notable Movers

Key sectors that propelled the index higher included food, finance, property, services, and technology. Among individual stocks, standout performers included:

Top Gainers: True Corporation accelerated 3.67 percent, Siam Concrete soared 3.54 percent, and Thai Oil rallied 3.47 percent. Thailand Airport climbed 2.83 percent, while Siam Commercial Bank vaulted 2.16 percent.

Notable Performers: Advanced Info spiked 2.56 percent, TTB Bank jumped 1.98 percent, BTS Group improved 1.75 percent, and Krung Thai Bank strengthened 1.77 percent. Siam Concrete’s exceptional performance and the energy sector’s strength were particularly noteworthy.

Underperformers: SCG Packaging tumbled 1.75 percent, PTT Exploration and Production slumped 0.88 percent, and Bangkok Expressway skidded 0.93 percent.

Global Markets Provide Tailwind

Support for the Thai market comes from robust performances across developed markets. Wall Street closed higher on Monday, with the Dow rallying 594.79 points—a 1.23 percent gain to finish at 48,977.18. The NASDAQ added 160.19 points or 0.69 percent to end at 23,395.82, while the S&P 500 gained 43.58 points or 0.64 percent to close at 6,902.05.

Energy stocks particularly benefited from overnight developments, with oil-related equities surging amid geopolitical developments. The Philadelphia Oil Service Index spiked 5.5 percent as market participants anticipated infrastructure rebuilding opportunities. Crude oil prices climbed, with West Texas Intermediate crude for February delivery rising $58.31 or 0.99 percent to $1.73 per barrel.

This global buoyancy, combined with OPEC’s reaffirmation to pause production increases through early 2026—easing oversupply worries—created a supportive environment for energy stocks both globally and in Thailand.

What to Expect on Tuesday

Tuesday’s session is anticipated to open positively, with the broader Asian market momentum providing a constructive backdrop. However, traders should remain alert to potential profit-taking as the session progresses, particularly if the Thai index approaches resistance levels like the 1,300-point zone.

The convergence of solid domestic earnings reports, positive global sentiment, and energy sector strength suggest the Stock Exchange of Thailand could test higher levels, though consolidation remains possible.