As of March 31, 2025, the stock market indices ended the day lower, with the SET index closing at 1,158.09, a drop of 17.36 points. The total trading volume stood at 8.52 billion shares, with a market value of 40.26 billion Baht. Major stocks influencing the market included KBANK, SCB, DELTA, AOT, and ADVANC, showing mixed performances. Notably, DELTA saw a sharp decline of 4.71%, while ADVANC posted a modest gain of 0.73%.
Key Points
- Market Status and Indices Overview:
- The market was closed as of the last update on 31 March 2025. The SET index stood at 1,158.09, showing a decrease of 17.36 points. The trading volume reached 8,519,102 ‘000 shares, with a value of 40,260.73 million Baht. Key indices like SET50, SET50FF, SET100, and SET100FF also witnessed declines of 10.96, 10.39, 26.25, and 26.06 points respectively.
- Trading Summary and Transactions:
- As of 28 March 2025, the total trading value was recorded at 17,293.46 million Baht. Institutional investors recorded a net buy of 526.83 million Baht. Proprietary investors and foreign investors saw net sells of 221.75 and 2,264.15 million Baht, respectively, whereas individual investors had a net buy of 1,959.06 million Baht.
- Top 5 Traded Stocks:
- KBANK was priced at 161.50 Baht, experiencing a decrease of 2.50 Baht (-1.52%), with a trading value of 2,086,094.75 ‘000 Baht.
- SCB closed at 123.00 Baht, dropping by 2.50 Baht (-1.99%), with a trading value of 1,707,744.35 ‘000 Baht.
- DELTA saw a significant fall of 3.25 Baht (-4.71%), closing at 65.75 Baht, with a value of 1,533,573.83 ‘000 Baht.
- AOT ended at 37.75 Baht, a decrease of 0.75 Baht (-1.95%), with trading valued at 1,226,653.15 ‘000 Baht.
- ADVANC rose by 2.00 Baht (+0.73%), closing at 275.00 Baht, with a trading value of 1,222,679.40 ‘000 Baht.
As of today, March 31, 2025, the Stock Exchange of Thailand (SET) Index closed at 1,158.09, down 17.36 points, reflecting a decline of approximately 1.48%. This drop comes amidst a volatile period for Thai markets, influenced by both domestic and global factors. The earthquake on March 28, which prompted a temporary trading halt, likely contributed to lingering uncertainty, though trading resumed normally today. Additionally, broader Asian market declines—driven by fears of Donald Trump’s looming tariffs—may have pressured the SET, with export-sensitive stocks feeling the heat. The index’s close below 1,200 reinforces a bearish sentiment that’s been building, with investors eyeing potential support levels around 1,140 if the slide continues.
As of today, March 31, 2025, Asian markets are experiencing notable declines, driven by a combination of global trade tensions and regional uncertainties. The Stock Exchange of Thailand (SET) closed at 1,158.09, down 17.36 points, reflecting a 1.48% drop, as reported earlier. This decline aligns with broader trends across the Asia-Pacific region. Japan’s Nikkei 225 plummeted 4.15%, hitting a six-month low, while South Korea’s KOSPI fell 3.0%, reaching its lowest level since February 10. Australia’s S&P/ASX 200 also dropped by 1.56%. These figures, noted in posts on X, highlight the widespread sell-off gripping the region.
The primary driver of these declines is U.S. President Donald Trump’s looming tariffs, which have sparked fears of a global trade war. Tariffs of 25% on Canada and Mexico, with a partial delay for Mexico until April, and an additional 10-20% on China are set to take effect this week, according to recent reports. This follows earlier tariff hikes, including a doubling of duties on Chinese imports in February. The uncertainty has hit export-heavy sectors hard—Japanese automobile stocks, South Korean tech exporters, and Australian commodity firms are among the hardest hit, as these countries rely heavily on global trade.
Adding to the pressure, the U.S. market’s performance is weighing on Asia. The S&P 500 has dropped over 10% from its February peak, with a 2% decline on March 28 alone—one of its worst days in two years—driven by fears of inflation and a slowing U.S. economy, as reported by The New York Times and U.S. News. This global sell-off has spilled over into Asia, with investors increasingly risk-averse. A Reuters report from March 29 highlighted safe-haven assets like gold hitting record highs as global shares fell, underscoring the flight to safety.
Regionally, Thailand faces additional headwinds from the March 28 earthquake, a 7.7-magnitude event centered near Mandalay, Myanmar. While the SET resumed trading today after a brief halt, the quake has rattled investor confidence, particularly in Bangkok’s condo market, where a building collapse killed 10 workers. This event, combined with economic concerns, has contributed to the SET’s poor performance—the worst-performing major index globally, down 16% year-to-date as of March 17, with foreign investors pulling out a record amount from ASEAN markets.
The broader Asia-Pacific economic outlook adds context to these declines. The Asian Development Bank’s December 2024 forecast projected steady growth for developing Asia, but warned that U.S. policy shifts under Trump could dent growth and boost inflation beyond 2025. Southeast Asia’s growth outlook for 2024 was revised up to 4.7%, driven by manufacturing exports, but Thailand’s specific challenges—waning consumer confidence and ineffective economic stimulus measures—have made it an outlier.
In summary, Asian market declines today are a confluence of global trade fears, U.S. market weakness, and local shocks like Thailand’s earthquake. The trajectory remains uncertain, with potential for further volatility if trade tensions escalate or if regional recovery efforts falter.
Across the Atlantic, European markets are demonstrating resilience amidst challenges, including energy prices that remain volatile due to the ongoing geopolitical tensions in Eastern Europe. The European Central Bank has indicated a careful approach to any policy tightening, weighing the fragile recovery from the pandemic against persistent inflation in the Eurozone. Consequently, sectors such as manufacturing and consumer goods are showing mixed performance.
Commodities have seen varied movements; oil prices have stabilized after recent fluctuations caused by production adjustments by OPEC+ and concerns over demand from major economies. Meanwhile, gold has edged higher as investors seek safe havens amid global uncertainty.
Currency markets reflect this dynamic environment, with the U.S. dollar holding strength due to its safe-haven appeal, while the euro and yen experience mild fluctuations.
