Display mode (Doesn't show in master page preview)

5 May 2026

Financial Markets

The Baht weakened while the SET rose over-week

คะแนนเฉลี่ย
•    The Thai stock market rose from the previous week amid buying from domestic institutional investors.
The SET Index surged early in the week, supported by purchases from domestic institutional investors, led by stocks of electronic component manufacturers which benefited from the rise in US technology stocks. The Thai bourse later moved within a narrow range after reports that the Ministry of Finance downwardly revised Thailand’s 2026 economic growth forecast to 1.6 percent, raising concerns over the country’s economic outlook.
 
The SET Index rose again from mid-week onwards after the Monetary Policy Committee decided to keep the policy rate unchanged at 1.00 percent, with buying interest across several sectors, led by bank and energy stocks (with additional support from rising global oil prices), and construction material stocks (after a major construction material company reported better-than-expected 1Q-2026 performance results). However, the upside of the SET Index became limited ahead of the long holiday, as investors turned more cautious amid prolonged Middle East tensions that showed no positive developments.
•    On Thursday, April 30, 2025, the SET closed at 1,493.69 points, up 2.58 percent over-week. The average daily trading value was THB56,321.23 million, down 1.76 percent over-week. The mai closed at 214.57 points, down 0.24 percent over-week.
•    During May 4-8, 2026, KSecurities expects the SET to have support at 1,470 and 1,460 points, but resistance at 1,510 and 1,535 points, respectively. KResearch advises investors to watch key factors, including the first meeting of economic cabinet, Thailand’s April Inflation, 1Q-2026 performance results of Thailand’s listed companies, developments in the Middle East, and foreign capital flows. US economic data that warrants close monitoring includes March New Home Sales, April Services ISM/PMI, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus weekly jobless claims. Other important overseas economic indicators to monitor include Eurozone’s March PPI, plus April Services PMI of China, Japan and Eurozone. 

View full article


Financial Markets