• The Thai stock market fluctuated early in the week before moving within a narrow range for the rest of the week at above the 1,300-point level.
The SET Index surged to a 9-month high of 1,345.86 points early in the week, in line with other regional bourses, driven by expectations of a Fed policy rate cut during the mid-week meeting after US September inflation figures came in lower than expected, as well as positive sentiment surrounding US-China trade negotiations.
Additionally, the Thai stock market was further boosted by Thailand’s September export figures, which grew more than expected and buying interest in stocks of a major electronics component manufacturer following better-than-expected 3Q-2025 performance results.
The SET Index later declined due to sell-offs of foreign investors and domestic institutions, before moving within a narrow range for the rest of the week. Although the Fed cut its policy rate as expected, it did not significantly boost the stock market, as the Fed Chairman signaled that another cut in December was not guaranteed. Moreover, the market had already priced in the US-China trade talks earlier in the week. As a result, investors shifted to trading large-cap stocks with specific catalysts. However, the SET dropped again at the end of the week in line with other bourses amid profit-taking in technology and energy stocks.
• On Friday, October 31, 2025, the SET closed at 1,309.50 points, down 0.34% over-week. The average daily trading value was THB41,770.78 million, up 6.83% over-week. The mai closed at 226.69 points, down 2.23% over-week.
• November 3-7, 2025, KSecurities expects the SET to have support at 1,300 and 1,285 points, but resistance at 1,330 and 1,345 points, respectively. KResearch advises investors to watch key factors, including Fed officials’ remarks, Thailand’s October Inflation, performance results for 3Q-2025 of Thai listed companies, development in the US government shutdown and foreign capital flows. Other important overseas economic indicators to monitor include October ADP Employment Report of US, October Manufacturing and Services PMI of US, Eurozone, China and Japan, Eurozone’s September Retail Sales and PPI, plus China’s October Exports.
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