Thailand's SET index rises 0.7% to 1,206.58 at close

Thailand's SET index rises 0.7% to 1,206.58 at close

The Thai stock market continued its upward trajectory, with the SET index closing at 1,206.58 on July 2, 2025, marking a 0.7% increase from the previous close. This positive performance was driven by gains across multiple sectors, including food, consumer goods, finance, industrial, property, resources, services, and technology.

Among the notable performers, Advanced Info, Thailand Airport, and Gulf Edge Services were among the top gainers. Advanced Info climbed 1.04%, Thailand Airport skyrocketed 11.03%, and Gulf Edge Services surged 5.26% [1]. The index also benefited from the broader positive sentiment in global markets, with the European and U.S. markets up and the Asian markets following suit.

The Thai stock market's resilience can be attributed to several factors. First, the market's strong performance in the first half of the year has likely absorbed much of the negative sentiment. Second, the recent positive economic data from the U.S., including a rebound in retail sales and a dip in unemployment claims, has bolstered investor confidence [2]. Additionally, the continued strength in crude oil prices, driven by Middle East tensions and robust summer demand, has provided support to energy-related stocks.

Looking ahead, the Thai stock market may see some volatility in the coming weeks, as the second-quarter earnings season begins. Investors will be closely watching the performance of key companies to gauge the overall health of the Thai economy. However, the current positive momentum suggests that the market is well-positioned to continue its upward trajectory.

References:
[1] https://www.thaicapitalist.com/
[2] https://www.nasdaq.com/articles/thai-stock-market-may-be-stuck-neutral-friday