Thai Equities Surge Toward Psychological 1,300 Barrier as Energy Stocks Lead Rally

The Stock Exchange of Thailand is building momentum heading into Tuesday’s session, with the index positioned just above 1,280 points after a robust two-day winning streak that added approximately 25 points to the market. Traders are eyeing the psychologically significant 1,300-point level as a near-term target, particularly if positive global cues continue to fuel investor appetite.

Strong Monday Close Across Multiple Sectors

The SET closed significantly higher on Monday, gaining 20.38 points to settle at 1,280.05 as bargain hunters and sector rotations drove activity across the board. The rally was broad-based, with notable strength emerging from food, finance, property, service and technology stocks. Trading activity remained healthy with 6.72 billion shares exchanging hands worth 45.727 billion baht, while advances outnumbered declines 252 to 207.

Among the most active securities, Thailand Airport gained 2.83 percent and Siam Concrete soared 3.54 percent, showcasing strong performance in the transportation and materials spaces. True Corporation accelerated 3.67 percent and Thai Oil rallied 3.47 percent, with energy-related names particularly benefiting from broader commodity tailwinds. Meanwhile, Siam Commercial Bank vaulted 2.16 percent and TTB Bank jumped 1.98 percent as financial stocks participated in the upside move. Some profit-taking was evident in sectors like petrochemicals, where PTT Exploration and Production slumped 0.88 percent.

Global Market Backdrop Supports Asian Optimism

The positive backdrop from overseas markets is expected to carry forward. U.S. equity benchmarks finished substantially higher on Monday, with the Dow rallying 594.79 points (1.23 percent) to 48,977.18 and the S&P 500 gaining 0.64 percent. Energy stocks in particular benefited from geopolitical developments and supply-side considerations, with crude prices surging as OPEC confirmed plans to maintain production discipline through early 2026. West Texas Intermediate crude futures climbed toward $1.73 per barrel, underpinning enthusiasm among oil and gas equities regionally.

European markets also posted gains, setting a positive tone for Asian bourses as they prepare to open. However, traders should remain alert for potential profit-taking as the day progresses, particularly if sentiment turns sensitive following any economic data releases or shifts in commodity momentum.

Path Forward

With the SET now entrenched above 1,280 points and the path toward 1,300 appearing increasingly achievable, the near-term technical backdrop looks constructive. Market breadth remains favorable with gainers significantly outpacing decliners, suggesting underlying strength beyond a handful of momentum names. The challenge will be maintaining this rhythm through Tuesday’s session and confirming whether the index can sustain its push toward that closely watched 1,300-point threshold.