Market Roundup 23 December 2025

Thailand’s SET Index closed at 1,271.11 points, increased 1.43 points or 0.11%, with a trading value of THB 31.40 billion. The analyst stated that the Thai market traded sideways within the range and pared gains in the afternoon session following the selloffs of DELTA. Positive trends among other big-cap stocks helped offset the pressure, while the market traded with thin volume ahead of the Christmas Holiday.

The analyst recommends that investors closely monitor the U.S. economic figures slated to come out tonight. Should the figure come out as expected, it could bolster tomorrow’s market sentiment.

 

Thailand reported a 7.25% year-on-year decrease in foreign tourist arrivals from January 1 to December 21, 2025. During this period, the country welcomed 31.76 million international visitors. The report identified Malaysia as Thailand’s top source country, accounting for 4.38 million tourists, closely followed by China with 4.36 million arrivals.

Despite the overall drop, industry analysts believe shifting travel dynamics in East Asia could spur a rebound for Thailand.

 

As ASEAN plans to hold emergency discussions on December 24, 2025, in an effort to revive a ceasefire agreement, U.S. President Donald Trump has come under scrutiny for alleging that Thailand initiated the recent hostilities on the Thai-Cambodian border.

Meanwhile, Thailand had rejected a proposal from Cambodia to shift the upcoming General Border Committee (GBC) meeting from Chanthaburi to Kuala Lumpur.

 

The World Bank’s board approved the $140.76 million Thailand Resilient Transport and Irrawaddy Dolphin Conservation Project (TRIP) that will support Thailand’s efforts to build flood- and storm-resilient transport links and boost job creation and economic opportunities for 350,000 people, while reinforcing the government’s initiatives to safeguard a critically endangered Irrawaddy dolphin sub-population in Songkhla Lake.

 

Thailand’s Ministry of Finance, the Bank of Thailand, and the Securities and Exchange Commission held a joint press conference, discussing the issue of the appreciating Thai Baht. The meeting resolved to implement key measures that would tighten regulations on online gold trade and FX inflows.