Overview
In April 2026, the Stock Exchange of Thailand (SET) showed positive momentum, with the SET Index closing at 1,493.69 points, representing a 3.15% increase from the previous month and an 18.58% rise since the end of 2025. This growth aligns with broader regional market trends, supported by a decline in geopolitical tensions in the Middle East and improved sentiment toward risky assets. Despite global inflation concerns and high energy costs, the Thai economy remains resilient, bolstered by strong export performance, fiscal stability, and an improved credit outlook from Moody’s.
Key Points
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- Market Performance: The SET Index rose by 3.15% in April, with notable gains in the technology, industrial goods, and resources sectors compared to the end of 2025.
- Trading Volume: The average daily trading value for the SET and mai reached 58,688 million baht, marking a 48.88% increase year-on-year.
- Investor Activity: Foreign investors were net sellers of 2,513 million baht in April, though they remain net buyers of 16,638 million baht for the year-to-date period and continue to hold the largest share of total trading value at 54.43%.
- Valuation and Dividends: The Forward P/E ratio stood at 15.16 times, while the dividend yield reached 4.42%, which remains higher than the Asian market average of 2.76%.
- Economic Resilience: Moody’s Ratings upgraded Thailand’s credit outlook to “Stable” from “Negative,” reflecting the country’s robust financial position and potential for continued profit growth among listed companies.
- TFEX Performance: The average daily trading volume for the Thailand Futures Exchange (TFEX) was 383,982 contracts in April, a decrease from the previous month, though it remains up by 23% for the first four months of 2026 compared to the same period last year.
Source : Infographic summarizing the stock market situation in April 2026
