Thailand’s SET Index closed at 1,296.37 points, increased 13.17 points or 1.03%, with a trading value of THB 52.62 billion. The analyst stated that the Thai market outperformed its regional peers due to the election rally and fund inflows from global geopolitical risk, which resulted in buying force in laggard stocks. However, the analyst warned that these stocks’ valuation has also gone up, with P/E ratios near 14 times.
For tomorrow, the analyst expects the Thai market to trade sideways, recommending investors closely monitor the banking sector’s earnings reports.
The World Economic Forum’s 2026 Annual Meeting began in Davos on January 19, gathering major global figures under the theme “A Spirit of Dialogue.” Investors are monitoring the event closely due to the participation of U.S. President Donald Trump, other heads of state, and top corporate leaders.
Ekniti Nitithanprapas, Thailand’s Deputy Prime Minister and Minister of Finance, led the Thai delegates and executives in meetings with the World Bank and leading global technology companies to promote Thailand’s role on the global economic stage.
China announced a series of measures intended to strengthen household consumption from 2026 to 2030, with a particular emphasis on expanding the services sector. The upcoming initiatives are aimed at counterbalancing persistent supply and demand disparities, following last year’s economic growth of 5%.
President Trump signaled the possibility of sharply increasing tariffs on French wines and champagne, with a rate of 200%, after indications that French President Emmanuel Macron would not join the U.S.-proposed “Board of Peace” addressing the Gaza conflict.
