Thai Stock Market Sees October Correction Amid Strong Year-to-Date Gains
The SET Index experienced a 2.6% decline in October 2026, though it maintains a 20.6% growth for the year, supported by resilient banking and energy sectors.
According to data from the Stock Exchange of Thailand (SET) reported by Khaosod Online, the SET Index closed October 2026 at 1,518.59 points, marking a 2.6% decrease from the previous month. This downturn was largely attributed to selling pressure within the technology sector. Despite this monthly correction and a net foreign sell-off of 6.6 billion baht, the market has demonstrated significant resilience, posting a 20.6% gain since the beginning of the year. Chatchai Thissadalok, head of research at the SET, noted that high-dividend stocks in the banking and energy sectors, along with ESG-focused equities, have performed well despite broader market volatility. For residents and investors, the broader economic outlook remains supported by the Bank of Thailand, which has raised its 2026 economic growth forecast to 2.4%. This growth is driven by robust exports and increased investment in technology and artificial intelligence, as evidenced by rising investment promotion applications to the Board of Investment (BOI). While the market shows signs of stability, the long-term impact of global technology sector fluctuations on the local index remains to be confirmed. Investors and residents should monitor ongoing economic indicators as the year concludes.
