Outlook for Thai Stock Market on 9 May 2025 in Thailand

On 9 May 2025, the Thai stock market is anticipated to exhibit a sideways-up movement, reflecting the optimistic trend in Asian markets. The SET Index is projected to encounter a resistance level at 1,220 points and a support level at 1,200 points. Several key factors are expected to influence the market’s performance today.

Global Market Trends: The U.S. stock market witnessed a surge following President Donald Trump’s announcement of a successful trade negotiation with the United Kingdom, showcasing positive momentum.

Investor Sentiment: Market participants are eagerly awaiting the U.S.-China trade talks and the release of China’s import/export figures, scheduled for today. The outcome of these events is likely to impact investor sentiment and market dynamics.

Domestic Drivers: The Thai market is being bolstered by robust Q1 earnings reported by listed companies, along with a rise in energy stocks attributed to increasing oil prices. These factors are contributing to the market’s stability and growth.

In the previous session, the SET Index concluded at 1,206.59 points, marking a decline of 13.68 points (-1.12%), with a total trading value of THB 42.69 billion. While some analysts express confidence in Thailand’s long-term economic prospects, citing government stimulus initiatives and a recovering tourism sector, others caution against near-term risks. The Bank of Thailand’s decision to maintain interest rates last month has elicited varied reactions, with critics advocating for a rate cut to stimulate growth. According to Sombat Narawutthichai, the head of the Investment Analysts Association, “The central bank is walking a tightrope between supporting the economy and managing inflation.”

The Thai stock market is positioned for strong performance across several sectors on 9 May 2025:

Energy: With global oil prices on the rise, energy stocks are gaining momentum, instilling investor confidence in oil and gas companies.

Commerce: Retail and consumer goods companies are benefiting from fiscal stimulus measures and steady domestic demand, fostering sectoral growth.

Telecommunications: The telecommunications sector continues to demonstrate resilience, buoyed by robust earnings and ongoing digital transformation efforts.

Agriculture & Food: Increased exports and stable commodity prices are key drivers of growth in this sector, shedding a positive light on its prospects.

Consumer Finance: Financial services firms are expected to perform well due to stable interest rates and a robust demand for loans, highlighting a promising outlook for the sector.

Looking ahead, market participants will closely monitor the release of U.S. jobs data on Friday and Thailand’s first-quarter GDP figures scheduled for next week. A better-than-expected economic performance could potentially restore market confidence, while any further global turbulence may prolong the current market downturn. Hence, caution is advised among traders as the market navigates through a fragile recovery phase.

In conclusion, the Thai stock market is poised for an interesting and dynamic trading session on 9 May 2025, driven by both domestic and international factors that are expected to shape market dynamics and investor sentiment throughout the day.