SET Index Surges Past 1,500: Thailand’s Bull Market Awakens : Article By SO OK TRADING

Thai Stock Market Surges Toward 1,500 Resistance

On February 23, 2026, the Thai stock market (SET Index) showed strong and continuous recovery signals, closing at 1,494.04 points (+14.33 points, +0.97%). This marks the sixth consecutive week of gains, and in the morning session the index successfully broke through the key psychological resistance level of 1,500 points, reflecting renewed investor confidence and a vibrant market atmosphere.

 

Positive Factors Driving the Recovery

Political Stability: Following the February 2026 elections, investors are confident that the new government will continue to push forward economic policies.
Fund Flow Inflows: Foreign investors have returned as net buyers, particularly in Big Cap stocks that remain attractively valued.
Strong Q4/2025 Earnings: Listed companies reported profits up 79% year-on-year, exceeding market expectations.
Vayupak Fund and Thai ESG: These initiatives have boosted liquidity and supported buying in quality stocks.
Tourism Recovery: Rising numbers of international tourists, especially from China, have directly benefited hotel, airport, and tourism-related stocks.
 

Market Overview Over the Past 10 Years

All-Time High: 1,830.1 points in February 2018.
Four-Year Low: 1,281.87 points in mid-2024, driven by confidence crises and capital outflows.
Average Long-Term Return: 7.24% annually.
Average Dividend Yield: 3.97%, attractive for long-term investors.
 

Outlook for 2026

Year-End Target Index: Most brokers forecast 1,430–1,460 points; some see potential for 1,500 points if EPS growth reaches 8–10%.
Key Support Level: 1,350 points.
Upside Drivers:
Budget disbursement and new investment projects.
Interest rate down-cycle (Bank of Thailand may cut policy rates in 2026–2027).
Renewed foreign fund inflows.
 

Risks to Consider

Profit Taking: Short-term corrections may occur when the index approaches 1,450–1,460 points.
External Factors: U.S. import tariff policies could trigger short-term volatility.
 

✨ Summary

The Thai stock market is entering a recovery cycle worth watching. After enduring confidence crises and capital outflows during 2023–2025, positive drivers such as political stability, economic measures, and foreign fund inflows are pushing the index back toward 1,500 points.

For investors, this is an opportune moment to build balanced portfolios combining growth stocks and dividend stocks, positioning for a potential bull market ahead.

 

About SO OK TRADING

SO OK TRADING is committed to connecting Thailand’s high-quality products to global markets — from premium fruits and Thai rice to metals and clean energy. The company’s strength lies in building long-term relationships with partners and investors worldwide, grounded in product quality and sustainable branding.

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