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18 May 2026

Financial Markets

The Baht weakened while the SET continued to close higher from the previous week

คะแนนเฉลี่ย
•    The Thai stock market fluctuated but closed above 1,500 points.
         The SET Index declined early in the week amid selling pressure from domestic institutional investors, driven by concerns over the prolonged situation in the Middle East, as well as concerns about a potential reduction in Thailand’s weight in the MSCI index. However, the SET Index rebounded and returned above 1,500 points in the middle of the week after concerns over the MSCI Rebalance eased, leading to buying in selected large-cap stocks. In addition, positive sentiment surrounding the discussions between US and Chinese leaders also helped support the continued surge of the SET Index during the week. 
         The SET Index pulled back again towards the end of the week in line with other regional bourses after the conclusion of talks between US and Chinese leaders. Additional pressure came from heavy selling in a major electronics component manufacturer amid concerns that it could trigger Level 1 of market surveillance measure (excluded from credit limit and cash balance), following its sharp prior rally. However, buying interest in a major banking stock, after reports that it had been granted a license to operate a virtual bank, helped partially cushion the downside of the SET Index. 

•    On Friday, May 15, 2025, the SET closed at 1,517.95 points, up 1.17 percent over-week. The average daily trading value was THB65,518.19 million, down 13.00 percent over-week. The mai closed at 213.07 points, down 0.47 percent over-week.
•    During May 18-22, 2026, KSecurities expects the SET to have support at 1,500 and 1,480 points, but resistance at 1,540 and 1,555 points, respectively. KResearch advises investors to watch key factors, including Thailand’s GDP report for 1Q-2025, Fed officials’ remarks, developments in the Middle East, and foreign capital flows. US economic data that warrants close monitoring includes April Housing Starts, May Manufacturing and Services PMI (Flash), FOMC minutes, plus weekly jobless claims. Other important overseas economic indicators to monitor include China’s May LPR and April economic data such as Industrial Production, Retail Sales and Fixed Asset Investment, April CPI of Eurozone and Japan, plus May Manufacturing and Services PMI (Flash) of Japan, Eurozone and UK. 

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Financial Markets