Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, stated on the ‘Kaohoon’ program on July 6, 2026, that the Thai market showed strong signs of recovery over the past week. The SET Index managed to rise above the 1,600-point level, climbing approximately 4.5% week-on-week.
Notably, this upward movement was not concentrated solely in the electronics sector as in previous periods but has now broadened into other major sectors such as banking, telecommunications, retail, and Domestic Play stocks. This indicates more widespread buying momentum, while small-cap stocks saw gains of about 3.5%, lagging behind the broader market.
According to the analyst, foreign investors were net buyers of Thai stocks by roughly THB 26 billion in the past week. This brought the year-to-date net inflow to nearly THB 40 billion, reflecting a clear return of funds into the Thai equity market—from both new capital and sector rotation out of previously surging groups such as electronics and upstream energy, into value plays and laggard stocks.
Sectors such as retail, hospitals, and tourism—previously under pressure—have recently begun to recover well. Concurrently, daily trading value in the Thai stock market has risen to THB 70-80 billion, supporting a sustainable market upswing.
Mr. Pobchai projected that if sector rotation and fund inflows persist, the SET Index could continue a sideways up trend, forecasting a trading range of 1,590 – 1,640 points for the week.
Key factors to watch this week include Thailand’s June inflation data. If inflation does not accelerate sharply, it is unlikely to pressure the market. In addition, investors are closely monitoring the Constitutional Court’s ruling on the Emergency Loan Decree. Should the ruling favor investment, it may provide further support to the SET Index later in the week.
Looking ahead, the market will enter the 2Q26 earnings season. Sectors expected to deliver both year-on-year and quarter-on-quarter growth include power plants—especially GULF, thanks to solar energy and small power plant projects.
The finance sector is also expected to stand out in Q2 and Q3 due to faster loan growth and lower financial costs, with MTC singled out. Additionally, the petrochemical sector should benefit from improved product price spreads, with key stocks such as IVL and PTTGC.
However, Pobchai added that investors should exercise caution with electronics stocks, as their share prices have already priced in much of the recent positive news, increasing the risk of profit taking after earnings releases.
