Thai Market Rally Signals Time for Profit-Taking Amid Global Headwinds

BankruptWorker · 2025-12-26T01:05:49+00:00

The Thai equity market is showing strong momentum with the SET rising to 1,273.40, but profit-taking is expected as trading volume increases. Diverse sectors posted gains, particularly in energy and banking, while global concerns may prompt caution among investors.

BankruptWorker

2025-12-26 01:05:49

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The Thai equity market has demonstrated solid momentum over recent sessions, with the SET climbing approximately 20 points or 1.54 percent to close at 1,273.40 on Monday. However, profit-taking opportunities appear imminent as trading volume reached 6.271 billion shares valued at 33.093 billion baht, suggesting investors may be looking to lock in gains before potential consolidation.

Broad-Based Gains Across Multiple Sectors

Monday’s session showcased strength across diverse sectors. The market recorded 306 advancing stocks against 139 decliners, with 198 remaining flat. Notable performers included Thailand Airport, which surged 7 percent, Energy Absolute skyrocketing 6.77 percent, and Asset World gaining 5 percent. Energy-related stocks showed particular strength, with Gulf soaring 3.09 percent and PTT Global Chemical spiking 2.99 percent.

Transportation and banking stocks also contributed meaningfully. Bangkok Bank added 0.92 percent while TTB Bank vaulted 1.54 percent. Technology sector participants like Advanced Info strengthened 1.64 percent, reflecting renewed investor interest despite earlier concerns about the broader tech space.

Global Backdrop Suggests Caution for Profit-Taking

The international environment provides mixed signals that could trigger profit-taking in the days ahead. Wall Street concluded Monday’s session lower, with the NASDAQ declining 0.59 percent amid ongoing skepticism about artificial intelligence spending and valuations. Crude oil prices retreated 1.1 percent to $56.82 per barrel as supply concerns outweighed disruption risks.

Upcoming U.S. economic releases—including retail sales and inflation data—may rattle markets further. These announcements carry implications for Federal Reserve policy direction, introducing uncertainty that typically prompts cautious investors to take profits on strong performers.

What Profit-Taking Could Mean for Tuesday

With the SET hovering just above the 1,270-point level after a robust two-day rally, conditions appear ripe for consolidation. Market participants may view the current levels as opportune moments to harvest recent gains, particularly in the outperforming stocks like Thailand Airport and Energy Absolute. Investors watching this space should monitor opening sentiment and volume patterns to gauge whether profit-taking emerges or if momentum sustains further upside.

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