Thai Equities Eye 1,300 Milestone as Energy Sector Powers Recovery

The Thai stock market is building momentum toward a critical 1,300-point threshold following a potent two-session advance that has accumulated over 25 points in gains. The Stock Exchange of Thailand currently sits just above 1,280 points and appears positioned for further upside movement as Tuesday’s session approaches.

Strong Rally Driven by Broad-Based Gains

Monday’s trading session delivered impressive results across the SET, with the index surging 20.38 points or 1.62 percent to close at 1,280.05. The rally was distributed across multiple sectors, particularly benefiting food, finance, property, service and technology companies. Trading activity remained robust with 6.720 billion shares changing hands, valued at approximately 45.727 billion baht. Advancing issues outnumbered decliners 252 to 207, while 205 stocks remained flat.

Energy and Aviation Stocks Lead Individual Movers

Within the active stocks, energy-related and transportation plays showed particular strength. Advanced Info accelerated 2.56 percent, while Thailand Airport jumped 2.83 percent. Siam Commercial Bank demonstrated significant strength with a 2.16 percent surge, and TTB Bank climbed 1.98 percent. Energy sector representation included PTT Oil & Retail’s 1.50 percent advance and Krung Thai Bank’s 1.77 percent appreciation. However, some heavyweight names faced headwinds—PTT slipped 0.78 percent and PTT Exploration and Production declined 0.88 percent. Siam Concrete posted an impressive 3.54 percent rally, while Thai Oil surged 3.47 percent and True Corporation accelerated 3.67 percent.

Global Support Bolsters Asian Sentiment

International developments are providing substantial tailwinds for regional equities. Wall Street closed firmly higher on Monday, with the Dow Jones Industrial Average rallying 594.79 points or 1.23 percent to 48,977.18, while the S&P 500 gained 0.64 percent and the NASDAQ added 0.69 percent. Energy stocks were the primary beneficiaries of global developments, particularly following geopolitical events in Venezuela that drove Chevron shares up 5.1 percent. The Philadelphia Oil Service Index spiked 5.5 percent as investors recognized infrastructure rebuilding opportunities in the region.

Crude Oil Surge Energizes Market Sentiment

Oil markets captured significant attention as West Texas Intermediate crude for February delivery climbed $58.31 or 0.99 percent, reaching $1.73 per barrel. OPEC’s decision to maintain production pauses through early 2026 helped ease oversupply concerns that have weighed on energy prices. This supportive environment for crude oil prices likely contributed to the strength observed in Thai energy stocks throughout the session.

Economic Indicators and Market Outlook

On the U.S. economic front, manufacturing activity unexpectedly weakened in December according to the Institute for Supply Management, adding nuance to the overall economic picture. Despite this headwind, oil service stocks maintained strength amid reconstruction prospects. Market participants should anticipate potential profit-taking consolidation as the day progresses, though the broader technical setup suggests the Thai market remains aligned with positive international momentum and continues approaching the psychologically significant 1,300-point level.