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3 Aug 2026

Financial Markets

The Baht rose while the SET recovered somewhat towards the end of the week

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  • The Thai stock market closed lower than the previous week, despite recovering to stand above 1,600 points towards the end of the week.
    The SET index fell sharply early in the week, mainly pressured by shares of a major electronics component manufacturer (due to its lower-than-expected 2Q-2026 performance results), coupled with selling pressure on energy stocks as global oil prices declined after reports that the US temporarily suspended attacks on Iran. In addition, some investors reduced risk positions by profit-taking sales ahead of the domestic market holidays (July 28-29).
    The SET Index continued to fall after reopening, dropping below 1,600 points. This mirrored the trend in most other Asian stock markets, after technology stocks faced selling pressure due to concerns about the profitability of AI investments. However, the SET Index recovered part of its losses and moved back above the 1,600-point mark towards the end of the week, tracking gains in international bourses after some major US technology companies reported better-than-expected quarterly earnings.
  • On Friday, July 31, 2026, the SET closed at 1,623.64 points, down 1.26 percent over-week. The average daily trading value was THB96,521.01 million, down 0.28 percent over-week. The mai closed at 227.10 points, down 0.01 percent over-week.
  • During August 3-7, 2026, KSecurities expects the SET to have support at 1,610 and 1,580 points, but resistance at 1,635 and 1,655 points, respectively. KResearch advises investors to watch key factors, including 2Q-2026 performance results of Thai listed companies, developments in the Middle East, and foreign capital flows. US economic data that warrants close monitoring includes July Manufacturing and Services ISM/PMI, Non-farm Payrolls and Unemployment Rate, plus weekly jobless claims. Other important overseas economic indicators to monitor include July Manufacturing and Services PMI of Eurozone, UK, China and Japan, Eurozone's June PPI, plus China's July Exports and Imports. ​



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Financial Markets