On Wednesday at 11:15 AM (Bangkok time), the share price of CH. Karnchang Public Company Limited (SET: CK) surged by 5.63% or THB 0.80 to THB 15.00, with a trading value of THB 37.39 million.
Stecon Group Public Company Limited (SET: STECON) increased by 6.38% or THB 0.45 to THB 7.50, with a trading value of THB 41.21 million.
The Siam Cement Public Company Limited (SET: SCC) rose by 3.27% or THB 5.50 to THB 173.50, with a trading value of THB 418.16 million.
The construction sector index (CON) rose 2.66%, outpacing the SET Index as investors responded to positive sentiment and expectations that the House of Representatives will begin deliberations on the draft Budget Expenditure Act for fiscal year 2026 this afternoon. This follows a period in which political conflict affected government stability and continued to pressure the stock market.
Asia Plus Securities noted that Wednesday marks the start of the first consideration of the 2026 Budget Expenditure Act, scheduled from May 28 to 30, with a total of 41 hours of debate—20 hours per side.
The initial consideration is expected to proceed without interruption as political worries wane; the second and third agendas are set for August and early September 2025. The official 2026 budget is set to rise by 0.7% year-on-year to 3.78 trillion baht, with 860 billion baht allocated for investment expenditures.
Currently, with about four months remaining in the fiscal year, government investment budget disbursement stands at just 33.6%. This has led to expectations that public investment outlays will accelerate in the coming period.
The analyst suggested investors focus on construction and building materials stocks such as STECON, CK, TTCL, TASCO, SCC, and SCCC as these stocks are anticipated to outperform the SET Index moving forward.
