Thai Equities Poised for Gains as SET Reclaims 1,500 Level

The Stock Exchange of Thailand (SET) is positioned for a positive opening on Thursday, following a four-session rally that saw the index climb more than 50 points, or 3.4%. The index currently sits above the critical 1,500-point threshold, having closed its last session at 1,506.84. The recent surge was driven by broad gains across the food, industrial, property, and technology sectors. In the most recent session, the SET jumped 17.18 points, a 1.15% increase, with trading volume reaching 6.247 billion shares valued at 43.883 billion baht. Market breadth was positive, with 250 gainers compared to 170 decliners. Individual stock performance showed significant variance. SCG Packaging led the gains with a 3.98% increase, while Krung Thai Bank experienced a sharp decline of 6.38%. Other notable movements included PTT falling 2.11% and Energy Absolute rising 1.53%. External cues provide a complex backdrop. While the NASDAQ and S&P 500 reached record highs—supported by a strategic partnership between Broadcom and Meta—the Dow Jones Industrial Average finished slightly lower. Simultaneously, WTI crude oil traded at $91.64 per barrel as investors weighed the potential for U.S.-Iran peace talks against the ongoing blockade of Iranian ports in the Strait of Hormuz.