Thailand’s SET Index closed at 1,548.22 points, increased 7.32 points or 0.48%, with a trading value of THB 58.23 billion. The analyst stated that the Thai market rebounded after a sharp plunge yesterday. The increase was due to buying forces from big-cap stocks in the tourism and the Thai economy-linked sector.
The buying pressure in tourism stocks was largely due to investors pricing in the government’s tourism stimulus measures, while the rally in economy-related stocks followed the Monetary Policy Committee raising the Thai GDP target in 2026.
For tomorrow, the analyst expects the Thai market to move sideways within range.
The Bank of Thailand opted to leave its benchmark interest rate unchanged at 1.00% for the second consecutive meeting on Wednesday. The monetary policy committee reached a unanimous decision to maintain the one-day repurchase rate.
The central bank also raised the GDP projection for 2026 to 2.3%, supported by exports and investment in the technology and AI sectors, government measures to alleviate the impact of the energy crisis, as well as an improvement in the Middle East situation.
Global index provider MSCI has announced an extension of its review of Indonesia’s status within the Emerging Markets group, signaling a potential downgrade to Frontier Market as early as November if transparency and structural issues remain unresolved.
