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Thai Stock Market Surges on US Trade Negotiation Hopes

Strategic Insights

— 2 min read

The Thai stock market experienced a significant surge, gaining over 40 points on Thursday, as investors anticipate a positive outcome from US trade negotiations that could see tariffs on Thai goods reduced to 18%. The SET Index closed at 1,198.11 points, an increase of 3.50%, with institutional investors and brokerage firms recording net purchases of 1,073.60 million baht and 875.24 million baht, respectively. Chavinda Hanratanakool, president of the Association of Investment Management Companies (AIMC), attributed the strong rise in the Thai stock index to easing anxieties and a more positive outlook on Thai equities, which had previously fallen below fundamental values.

Key Takeaways:

  • The Thai stock market surged by over 40 points on Thursday, with the SET Index closing at 1,198.11 points, an increase of 3.50%.
  • Institutional investors recorded net purchases of 1,073.60 million baht, while brokerage firms saw net buys of 875.24 million baht.
  • Foreign investors posted net sales of 2,494.87 million baht, and domestic retail investors registered net sales of 4,443.72 million baht.
  • Chavinda Hanratanakool, president of AIMC, attributed the strong rise in the Thai stock index to easing anxieties and a more positive outlook on Thai equities.
  • The Thai stock market's rally is driven by hopes for a trade deal after the Thai government submitted a new proposal to the US, anticipating a tariff reduction to 18-20%.
  • Thai stock valuations remain attractive and have lagged behind continuously rising international stocks, making the market appealing once more.
  • Analysts recommend monitoring Q2/2025 earnings results for Thai listed companies and further developments in trade negotiations.
  • Support at the market is set at 1,198 points and resistance at 1,210 points for the afternoon session.

Statistics:

  • The SET Index closed at 1,198.11 points, an increase of 3.50%.
  • Institutional investors recorded net purchases of 1,073.60 million baht.
  • Brokerage firms saw net buys of 875.24 million baht.
  • Foreign investors posted net sales of 2,494.87 million baht.
  • Domestic retail investors registered net sales of 4,443.72 million baht.
  • The market surge drove trading volume to 63,374.58 million baht.
  • Trading value for the morning session on July 18 was approximately 33,403 million baht.

Sources:

  • "Thai stock market surges on US trade negotiation hopes" - Unspecified news article, no date.
  • Chavinda Hanratanakool, president of AIMC, quoted in "Thai stock market surges on US trade negotiation hopes" - Unspecified news article, no date.
  • Bodin Buddhain, director of Investment Strategy at Eastspring Asset Management (Thailand), quoted in "Thai stock market surges on US trade negotiation hopes" - Unspecified news article, no date.
  • Piriyapon Kongvanich, head of Fundamental Analysis at Bualuang Securities Research, quoted in "Thai stock market surges on US trade negotiation hopes" - Unspecified news article, no date.
  • Apichat Poobunjirdkul, senior Director of Strategic Analysis at Tisco Securities, quoted in "Thai stock market surges on US trade negotiation hopes" - Unspecified news article, no date.

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