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12 Jan 2026

Financial Markets

The Baht rose slightly while the SET closed lower in the first week of 2026

คะแนนเฉลี่ย
• The Thai stock market fluctuated during the first week of 2026 amid foreign selling pressure. 
        The SET Index surged on the first trading day of 2026, driven by buying in technology stocks following the upward trend of US tech stocks, as well as bank stocks ahead of the announcement of 4Q-2025 performance results. However, the SET Index moved within a narrow range around midweek due to a lack of new market catalysts, while investors assessed geopolitical risks after the US launched an operation against Venezuela and captured its leader, and closely monitored domestic political developments. 
        The SET Index dropped sharply towards the end of the week amid sell-offs of foreign investors, led by stocks of a major electronics component manufacturer due to company-specific factors, as well as finance stocks on concerns over bad debts amid economic fragility. However, the buying of stocks of the major electronics component manufacturer, which had previously plunged, helped limit the SET Index’s decline at the end of the week. Meanwhile, investors shifted focus to upcoming US labor market data and the Supreme Court ruling on the legality of President Donald Trump’s tax measures. 

• On Friday, January 9, 2025, the SET closed at 1,254.09 points, down 0.44% over-week. The average daily trading value was THB40,600.37 million, up 44.34% over-week. The mai closed at 214.89 points, down 1.00% over-week. 
• January 12-16, 2026, KSecurities expects the SET to have support at 1,240 and 1,230 points, but resistance at 1,270 and 1,285 points, respectively. KResearch advises investors to watch key factors, including 4Q-2025 performance results of Thailand’s listed companies, especially those in the banking sector, remarks of Fed officials, and foreign capital flows. The US economic data that warrant close monitoring include December CPI, Existing Home Sales, and Industrial Production, November PPI and Retail Sales, plus Weekly Jobless Claims. Other important overseas economic indicators to monitor include Eurozone’s and UK’s November Industrial Production, Japan’s December PPI and China’s December Exports and New Yuan Loans.

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Financial Markets