The Thai stock market continued its downward trend, marking a loss in three consecutive sessions and dropping more than 6 points or 0.5 percent. Currently, the Stock Exchange of Thailand hovers just below the critical 1,310-point mark, leading to speculation that it may stabilize during Tuesday’s trading.
The outlook for Asian markets remains uncertain following a mixed performance from European and U.S. stocks. However, there is potential for a slight uplift from the technology sector.
On Monday, the SET concluded with minor losses as various sectors, including food, consumer goods, industrial, property, resource, and services, faced downturns. Specifically, the index dipped by 0.64 points or 0.05 percent, finishing at 1,308.86, following a trading range of 1,304.72 to 1,317.48. Trading volume reached 5.703 billion shares, valued at 29.741 billion baht. The session saw 313 declining stocks, 162 advancing, and 195 remaining unchanged.
Active stocks reflected varied performances. Thailand Airport fell by 0.61 percent, while Asset World and B. Grimm saw declines of 0.91 percent and 3.09 percent, respectively. BTS Group lost 0.68 percent. On a more positive note, CP All Public gained 0.54 percent, and Charoen Pokphand Foods rose by 0.47 percent. However, Energy Absolute and Gulf both retreated by 1.96 percent and 0.56 percent, respectively. Significant drops were witnessed in PTT Global Chemical, which plunged 4.55 percent, and SCG Packaging, which fell by 2.20 percent. Conversely, several financial institutions, including Kasikornbank and TTB Bank, each gained 0.54 percent, while Siam Commercial Bank rose by 0.38 percent.
In international markets, the Dow Jones Industrial Average decreased by 226.19 points or 0.48 percent, closing at 47,336.68. In contrast, the NASDAQ gained 109.77 points or 0.46 percent, ending at 23,834.72, supported by a significant increase in Amazon shares following its $38 billion deal with OpenAI. Meanwhile, Nvidia also saw gains after Microsoft announced it secured export licenses to provide Nvidia chips to the UAE.
Amid the mixed performance, stocks like Merck, Nike, 3M, and Chevron weighed down the Dow. Meanwhile, the Institute for Supply Management reported a faster than expected contraction in manufacturing activity in the U.S. for October.
In the commodity markets, crude oil prices edged up slightly on Monday as OPEC confirmed a halt on production increases for the first quarter of 2026. December delivery for West Texas Intermediate crude rose by $0.07 or 0.11 percent to settle at $61.05 per barrel.
As the global economic landscape remains volatile, investors will be closely watching developments in both the Thai and broader Asian markets in the coming days.
