In August 2025, the Fed Chair’s statement at the Jackson Hole seminar signaled clearly that the Fed might reduce interest rates at the September 2025 meeting after non-farm payrolls increased by only 73,000 jobs in July, which was below analysts’ forecast of 106,000 jobs, while inflation slowed down.
The Monetary Policy Committee (MPC) concluded its fourth meeting of 2025, unanimously deciding to lower the policy interest rate by 0.25 percentage points, reducing it from 1.75% to 1.50% per year. This decision reflects the Thai economy’s growth trajectory for 2025 and 2026, which is aligning closely with projections. However, challenges persist as U.S. tax measures continue to disrupt production chains and impact competitiveness. Meanwhile, the National Economic and Social Development Council (NESDC) reported that Thailand’s Gross Domestic Product (GDP) grew by 2.8% in Q2 2025, a slowdown from the 3.2% growth recorded in Q1. This deceleration is largely attributed to weaker output outside the agricultural sector, particularly in tourism-related services. Despite this, the NESDC revised its annual growth forecast upward to 2%, an improvement from the previous estimate of 1.8%, driven by a surge in exports ahead of the implementation of U.S. Reciprocal Tariffs.
Listed companies have disclosed their Q2 2025 operating performance, showcasing a sustained increase in net profits driven by effective cost management and lower financing expenses. Moreover, extraordinary gains from mergers, acquisitions, and strategic investments—particularly in the energy and petrochemical industries—have contributed to over half of the listed firms surpassing analysts’ expectations for net profits. This strong performance has fueled a rise in stock prices, further supported by declining bond yields. The drop in yields reflects the Bank of Thailand’s anticipated monetary policy easing in the latter half of the year, which is expected to benefit select business sectors.
Especially the finance and power generation sectors, due to reduced financing costs, and a noticeable revival of IPO stock returns in the past month. The Stock Exchange organized Thailand Focus 2025 to bolster confidence and attract investors back into the Thai stock market more effectively.
At the end of August 2025, the SET Index closed at 1,236.61 points, down 0.5% from the end of the previous month, slightly declining after a significant increase in the prior month. From the beginning of the year to the end of August 2025, the SET Index decreased by 11.7% compared to the end of the previous year, which was a more considerable decline than most regional stock markets. The sectors that performed better than the SET Index compared to the end of 2024 include technology, finance, resources, and industrial products.
In August 2025, the average daily trading value of SET and mai was 50,672 million baht, an increase of 10.1% compared to the same period last year. However, in the first eight months of 2025, the average daily trading value was 43,011 million baht, a decrease of 3.1% from the same period last year. Foreign investors still accounted for the highest share of trading value at 51.47% of the total trading value but had a net selling position of 21,816 million baht, marking a return to net selling after previously being net buyers last month.
In August 2025, one company listed for trading on mai: Mukhda International Hospital Public Company Limited (HANN).
Source : Presentation Summary of the Stock Exchange of Thailand in August 2025
