The Thai stock market closed slightly lower on January 16, 2025, with the SET Index ending at 1,352.56 points, down 0.61 points (-0.05%).Trading value stood at 40,417 million baht, reflecting a day of relative stability despite a mixed performance across the region. Analysts noted that while the market rebounded, it lagged behind other Asian indices, which saw gains of 0.8-1%.
Market Performance and Key Drivers
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The day’s trading saw the index fluctuate between a low of 1,346.45 points and a high of 1,363.55 points. Of the 665 securities traded, 193 increased, 271 decreased, and 201 remained unchanged. According to Mr. Sorapon Weeramethikul, Assistant Managing Director and head of the investment strategy team at Kasikorn Securities, the Thai market’s stability was influenced by two critical factors:
- Chinese Tourist Influx during Chinese New Year: The first two weeks of January 2025 saw a 20% growth in Chinese tourist arrivals, signaling a positive trend. However, concerns linger over whether this momentum will sustain, especially amid negative news streams.
- Banking Sector Outlook: Investors are closely monitoring the commercial banking group’s previews, focusing on operating results, dividend payments, and the 2025 outlook.
External Factors and Market sentiment
Globally, market sentiment improved as U.S. CPI inflation figures came in lower than expected, easing pressure on the Federal Reserve’s interest rate trajectory. Analysts anticipate 1-2 rate cuts this year,which could further bolster investor confidence.
Tomorrow’s Market Outlook
The market is expected to swing sideways, with support at 1,340 points and resistance at 1,360 points.this cautious optimism reflects a balance between domestic uncertainties and improving global conditions.
Top Traded Securities
The day’s top traded securities included:
| Security | Trading Value (Million Baht) | Closing Price (Baht) | Change (Baht) |
|————–|———————————-|————————–|——————-|
| DELTA | 2,804.61 | 138.50 | -1.50 |
| MASTER | 2,338.87 | 32.25 | -8.00 |
| GULF | 2,007.11 | 60.50 | +0.50 |
| ADVANC | 1,805.07 | 290.00 | +3.00 |
| KBANK | 1,724.77 | 161.50 | -2.00 |
Final Thoughts
While the Thai stock market remains stable, its performance continues to hinge on both domestic and international factors. Investors are advised to keep a close watch on the banking sector’s previews and the trajectory of Chinese tourist arrivals, which could significantly influence market dynamics in the coming weeks.
For more detailed insights into the SET Index and its performance, visit Bloomberg’s comprehensive market data platform.
Thai Stock Market Stability and Future Outlook: Insights from an Expert
The Thai stock market has shown resilience amidst global economic fluctuations,with the SET Index closing slightly lower on January 16,2025. To gain deeper insights into the factors driving this stability and what lies ahead, we sat down with Dr. Pimchanok Vorapong,a renowned economist and market analyst specializing in Southeast Asian markets. Dr. Vorapong shares her perspectives on the current market dynamics, the role of Chinese tourism, and the banking sector’s influence on investor sentiment.
Market Performance and Key Drivers
Senior Editor: Dr. vorapong, the SET Index closed at 1,352.56 points on January 16, 2025, reflecting a slight decline. What are the key factors contributing to this stability?
Dr. Pimchanok Vorapong: The Thai market’s stability can be attributed to two primary factors.First, the influx of Chinese tourists during the chinese New Year period has provided a boost to sectors like hospitality and retail. Second, the banking sector’s performance has been a focal point for investors, with many closely monitoring previews of operating results and dividend payouts. These elements have helped maintain a balanced market despite regional volatility.
Chinese Tourism and Its Impact
Senior Editor: Chinese tourist arrivals grew by 20% in the first two weeks of January 2025. How important is this trend for the Thai economy and stock market?
Dr. Pimchanok Vorapong: Chinese tourism is a critical driver for Thailand’s economy, especially for small and medium-sized enterprises.The 20% growth is a positive signal,but sustainability remains a concern. Negative news streams, such as geopolitical tensions or economic slowdowns in China, could dampen this momentum. Investors should keep a close eye on these developments as they directly impact market sentiment.
Banking Sector Outlook
Senior Editor: The banking sector seems to be a focal point for investors. What are your thoughts on its current outlook and potential influence on the market?
Dr. Pimchanok Vorapong: The banking sector is a cornerstone of the Thai economy, and its performance frequently enough sets the tone for the broader market. Investors are particularly interested in the sector’s operating results and dividend policies. A strong performance from banks could bolster confidence, while any signs of weakness might lead to cautious trading.The 2025 outlook will be crucial in shaping investor strategies.
Global Factors and Market Sentiment
Senior Editor: Globally,U.S. CPI inflation figures have eased, perhaps influencing the Federal Reserve’s interest rate decisions. How might this impact the Thai stock market?
Dr. Pimchanok Vorapong: Lower-than-expected U.S. inflation figures have improved global market sentiment,reducing pressure on the Federal Reserve to maintain high interest rates. this could lead to 1-2 rate cuts this year,which would be favorable for emerging markets like Thailand. Lower U.S. rates often result in increased foreign investment flows into markets like ours, providing a tailwind for the SET Index.
Future Market Outlook
Senior Editor: What is your outlook for the Thai stock market in the coming weeks?
Dr. Pimchanok Vorapong: I expect the market to move sideways in the near term, with support at 1,340 points and resistance at 1,360 points. While domestic factors like tourism and banking performance will play a role, global conditions, particularly U.S. monetary policy, will also be influential. Investors should remain vigilant and focus on sectors that benefit from both domestic growth and global trends.
Final Thoughts
Senior Editor: Any final advice for investors navigating the Thai stock market?
dr. Pimchanok Vorapong: Stay informed and diversify your portfolio. While the market remains stable, it is indeed sensitive to both domestic and international developments. Keeping an eye on key sectors like banking and tourism, as well as global economic indicators, will help you make informed decisions. Patience and a long-term perspective are essential in navigating these dynamic markets.
For more detailed insights into the SET Index and its performance, visit Bloomberg’s comprehensive market data platform.
