Thailand’s SET Index closed today at 1,308.86 points, down by 0.64 points (-0.05%), with a trading value of 29,741.46 million baht. Analysts stated that the Thai stock market moved sideways today with low trading volume, lacking driving factors. There was alternating buying and selling pressure on large-cap stocks. The market is expected to remain subdued tomorrow as investors await Thailand’s CPI figures, as well as international economic data, and as listed companies gradually announce their Q3/68 financial results. Support levels are set at 1,300 points, next at 1,289 points, with resistance at 1,310 points, and the next at 1,317 points.
The Thai Cabinet has approved a project to sustainably resolve retail bad debt using Asset Management Companies (AMCs). This initiative, involving the Ministry of Finance, the Bank of Thailand (BOT), and the Thai Bankers’ Association, targets 4.76 million non-performing loan (NPL) accounts under 100,000 baht, totaling 122 billion baht. The initial phase will address 1.9 million accounts (44 billion baht), transferring them to AMCs, primarily SAM, using existing funds that require no government budget.
Morgan Stanley has upped its short-term crude oil price projections in response to OPEC+’s recent announcement to suspend supply hikes. The Wall Street investment bank on Monday revised its Brent forecast for the first half of 2026 to $60 per barrel, marking an increase from its previous estimate of $57.50 per barrel. According to Morgan Stanley, OPEC+—the coalition between the Organization of the Petroleum Exporting Countries and partner nations—announced on Sunday that it would forgo any production increases in the first quarter of 2026. This marks the first time the alliance will pause its supply restoration efforts since April, when it began reversing earlier production cuts.
