On Monday, Thailand’s SET Index closed the morning trading session at 1,493.75 points, exhibiting a decrease of 6.61 points or 0.44%, with a trading value of THB 38.75 billion.
Kasikorn Securities (KS) stated that the Thai stock market traded with high volatility this morning, alternating between positive and negative territory, primarily driven by continued uncertainty surrounding the Middle East situation.
Most recently, U.S. President Donald Trump has rejected Iran’s latest proposal to terminate the ongoing conflict. The situation remains difficult to assess, creating short-term downward pressure. However, both the U.S. and Iran have begun negotiations aimed at achieving a ceasefire, while a rebound in oil prices continues to provide support for the energy sector, with second-quarter 2026 earnings projected to show ongoing growth.
Domestically, this week marks the final period for the release of first-quarter 2026 financial results from listed companies. More than 80% of these results have met or exceeded expectations, serving as a positive catalyst for the market.
Additionally, Thailand’s GDP has upside potential supported by the THB 400 billion loan decree, which is set to be deployed during this economic crisis. If these factors are combined, there is potential for an upward revision of 2026 GDP growth to nearly 2% or more, compared to the previous forecast of 1.2% published by Kasikorn Research Center.
Nevertheless, investors are closely monitoring the opposition party’s plan to petition the Constitutional Court to determine whether the borrowing decree, which empowers the Ministry of Finance to secure THB 400 billion in funding, contravenes the constitution. The market awaits whether the court will accept this case for consideration.
For the afternoon session, the Thai bourse is expected to continue fluctuating and may experience minor corrections due to tight valuations, while the revision of the MSCI Index this midweek could introduce further volatility. Kasikorn recommends a buy-on-dip strategy, with support and resistance levels forecast at 1,480 points and 1,515 points, respectively.
The five securities with the highest trading values were as follows:
- KBANK: Trading value of THB 2.85 billion, closing at THB 196.00, up THB 1.00 or 0.51%
- GULF: Trading value of THB 2.77 billion, closing at THB 59.00, down THB 1.00 or 1.67%
- PTT: Trading value of THB 2.70 billion, closing at THB 36.25, down THB 0.25 or 0.68%
- KTB: Trading value of THB 2.69 billion, closing at THB 32.75, unchanged
- SCB: Trading value of THB 2.09 billion, closing at THB 131.50, down THB 0.50 or 0.38%
