Thai Stock Market Declines for Seventh Consecutive Day
The Stock Exchange of Thailand (SET) has dropped below the 1,500-point mark following a week of sustained selling pressure.
According to a report by Prachachat Business on November 4, 2026, the Thai stock market has experienced a significant downturn, falling for seven consecutive days. During intraday trading, the SET index dropped to 1,470 points, marking a total decline of over 100 points and breaking through the psychological support level of 1,500 points. Analysts from InnovestX attribute this downward trend to heavy selling in the DELTA, energy, and petrochemical sectors. While InnovestX warns that the index could potentially test a lower support level of 1,450 points, they also suggest that the current range of 1,470 to 1,500 points may represent an attractive accumulation zone for investors, particularly in banking, industrial estate, and high-dividend stocks, as the Forward P/E ratio has decreased to 14 times. For residents and expatriates, this market volatility reflects broader economic shifts that may influence local investment climates and currency stability. It remains to be confirmed whether the market will stabilize at these levels or if further external pressures will drive the index toward the 1,450-point support threshold. Investors are advised to monitor official financial updates for further developments.
