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26 Jan 2026

Financial Markets

The Baht experienced volatile trading but traded within a stronger range while the SET closed above 1,300 points

คะแนนเฉลี่ย
• The Thai stock market surged to a near three-month high around mid-week before paring some of its earlier gains. 
        The SET Index rose early in the week despite negative factors, including tensions between the US and Europe, as the market assessed that the impact on Thailand would be limited. The Thai stock market was supported by continued buying from foreign investors and proprietary trading accounts, led by large-cap stocks in the retail, hospital, energy, and technology sectors. 
        The SET Index hit its highest level in nearly three months at 1,327.91 points before declining briefly due to profit-taking, along with stock-specific negative factors in major ICT stocks related to the signing of a share-sale agreement by a major shareholder, which led to changes in shareholding structure. However, the SET Index recovered towards the end of the week, thanks to purchases of technology stocks, those in the telecom sector that had previously been heavily sold off. Notably, bank stocks underperformed this week, facing profit-taking after the 4Q-2025 earnings announcement. 
• On Friday, January 23, 2025, the SET closed at 1,314.39 points, up 3.04% over-week. The average daily trading value was THB56,109.32 million, up 39.76% over-week. The mai closed at 211.14 points, down 0.79% over-week. 
• January 26-30, 2026, 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 the FOMC meeting (January 27-28), 4Q-2025 performance results of Thailand’s listed companies, and foreign capital flows. The US economic data that warrant close monitoring include November Durable Goods Orders, Housing Price Index, December PPI, plus Weekly Jobless Claims. Other important overseas economic indicators to monitor include Eurozone’s GDP report for 4Q-2025, China’s December Industrial Production, plus Japan’s December Industrial Production.

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Financial Markets