Thai Stock Market Set for a Shocking 30% Surge – Are You Prepared to Miss Out?

The Thai stock market is showing a promising trajectory, gaining over 25 points, or 2 percent, in two consecutive sessions. As of Thursday, the Stock Exchange of Thailand (SET) closed at 1,261.39, just above the 1,260-point mark, and analysts anticipate further increases on Friday.

Globally, the outlook for Asian markets remains cautiously optimistic, though potential gains face challenges from profit-taking and declining oil prices. While European markets exhibited mixed performances, major U.S. indices trended upward, hinting at a balanced sentiment in the Asian markets.

On Thursday, the SET experienced a notable surge, bolstered by gains across various sectors including food, industrials, properties, resources, services, and technology. The index climbed 17.09 points, or 1.37 percent, after trading within a range of 1,236.86 to 1,262.83. The trading volume reached 7.864 billion shares, valued at 44.226 billion baht, with 352 stocks advancing compared to 133 decliners.

Among the notable performers, shares of Advanced Info rose 0.30 percent, while Thai Airport stocks increased by 0.49 percent. Asset World recorded a significant 2.59 percent jump, and Bangkok Dusit Medical gained 2.78 percent. Other notable increases included B. Grimm at 3.01 percent, BTS Group up 4.90 percent, and Energy Absolute, which soared by 3.03 percent. On the flip side, Kasikornbank fell by 0.26 percent, and Siam Commercial Bank dropped 1.07 percent, illustrating a varied performance among listed companies.

The positive lead from Wall Street also played a critical role in shaping market sentiment. The Dow Jones Industrial Average rose by 292.81 points, or 0.60 percent, closing at 49,442.44. The NASDAQ gained 58.27 points, or 0.25 percent, to finish at 23,530.02, while the S&P 500 increased by 17.87 points, or 0.26 percent, ending at 6,944.47. This upward momentum was partly fueled by favorable earnings from Taiwan Semiconductor (TSM), prompting a 4.4 percent increase in its stock as it reported a significant rise in fourth-quarter profits alongside ambitious capital expenditure plans, which has revitalized confidence in the artificial intelligence sector.

Additionally, a report from the Labor Department indicated that first-time claims for U.S. unemployment benefits unexpectedly decreased last week, further boosting investor sentiment. However, the backdrop of declining crude oil prices, which plummeted by $2.83 or 4.56 percent to $59.19 per barrel, cast a shadow over market optimism amid easing tensions regarding a potential U.S.-Iran confrontation.

As the Thai stock market continues to navigate between local and international factors, investors will watch closely to see whether the upward trajectory can be maintained amid fluctuating global conditions. The interplay of local market resilience against the backdrop of external pressures will be critical in shaping Thailand's economic outlook.