After a two-day decline that erased over 45 points or 2.8%, the Thai stock market found stability on Friday. The Stock Exchange of Thailand, now just below the 1,625-point level, is expected to continue its upward momentum when it opens on Monday.
Positive momentum is shaping up for the Asian markets, fueled by optimism in the retail and energy sectors. European markets showed mixed results, while U.S. benchmarks advanced. Asian bourses are projected to reflect a balanced trend, splitting the difference between these outcomes.
On Friday, the SET index added 25.53 points, a 1.6% gain, closing at 1,623.64. Throughout the session, the index fluctuated between 1,610.59 and 1,628.96. The recovery was driven by gains in food, consumer, finance, and technology industries. A total of 339 stocks rose in value, compared to 109 that declined, while 208 remained unchanged. Trading volume reached 11.866 billion shares, amounting to 89.032 billion baht in value.
The Thai stock market turned lower again on Monday, one session after ending the four-day losing streak in which it had dropped almost 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it figured to see renewed support on Tuesday. The SET finished modestly lower on Monday as losses from the food, property, service and technology sectors were tempered by support from the consumer, finance, resource and industry companies. For the day, the index lost 10.39 points or 0.71 percent to finish at 1,453.03 after trading between 1,449.73 and 1,464.12. Volume was 10.990 billion shares worth 45.979 billion baht. There were 246 decliners and 225 gainers, with 187 stocks finishing unchanged.
Among the actives, Advanced Info skidded 1.09 percent, Bangkok Bank jumped 1.69 percent, Bangkok Dusit Medical declined 0.88 percent, Bangkok Expressway gained 0.63 percent, B. Grimm dropped 0.89 percent, BTS Group rallied 5.15 percent, CP All Public slid 0.39 percent, Charoen Pokphand Foods tanked 2.18 percent, Energy Absolute tumbled 1.92 percent, Gulf sank 0.76 percent, Kasikornbank climbed 1.02 percent, Krung Thai Card shed 0.51 percent, PTT Oil & Retail added 0.63 percent, PTT soared 3.01 percent, PTT Global Chemical surged 5.21 percent, SCG Packaging spiked 1.94 percent, Thai Oil plummeted 5.68 percent, True Corporation stumbled 1.65 percent and TTB Bank, Krung Thai Bank, Siam Commercial Bank, Siam Concrete, Asset World, Banpu and Thailand Airport were unchanged.
U.S. stock markets opened higher on Friday and maintained their upward trajectory, nearing session highs. The NASDAQ rose 1.0%, while the S&P 500 gained 0.7%. Amazon's stock led the charge after the e-commerce giant reported better-than-expected revenue and strong cloud sales performance.
The lead from Wall Street is upbeat as the major averages opened modestly higher on Monday and stayed that way throughout the trading day. The Dow rallied 273.17 points or 0.65 percent to finish at 42,387.57, while the NASDAQ gained 48.58 points or 0.26 percent to finish at 18,567.19 and the S&P 500 added 15.40 points or 0.27 percent to end at 5,823.52. The strength on Wall Street came amid a steep drop by the price of oil. Oil prices fell sharply on Monday as concerns about supply disruptions faded after Israel avoided hitting Iranian oil facilities over the weekend. West Texas Intermediate Crude oil futures for December plunged $4.40 or 6.1 percent at $67.38 a barrel.
Crude oil prices climbed on Friday, rising 1.77% to $85.07 per barrel. The increase followed Iranian military strikes on U.S. military installations in Bahrain and Kuwait. Despite the jump in oil prices, the yield on the U.S. 10-year Treasury bond climbed to its highest level since early 2025, indicating market participants are weighing energy fluctuations with broader economic expectations.
Meanwhile, traders were also looking ahead to the release of key U.S. economic data later in the week. The monthly jobs report as well as a report on personal income and spending that includes the Federal Reserve's preferred inflation readings are likely to be in the spotlight. The data could impact the outlook for the economy as well as expectations regarding how quickly the Fed will lower interest rates.