1600 Point Stock Market Target: Analysts Predict Surge

MGR Online•Economy•4d ago

Reader Briefing

Thai stock market analysts anticipate the SET index will surpass 1,600 points this week, exceeding earlier predictions due to strong foreign investment and robust performance of major stocks.

•The stock market index is poised to break through the 1,600-point level this week, significantly faster than many analysts predicted.
•Foreign investors have returned as major buyers, injecting significant capital into the market.
•Key large-cap stocks, including DELTA and GULF, have reached new highs, driving the index's upward movement.
•Despite the stock market's optimism, the broader Thai economy faces significant challenges, including low consumer spending.

Overview

•Analysts initially predicted the index would surpass 1,600 points by the end of 2026.
•In just five months and one trading day, the index reached 1,588.05 points, with potential to exceed 1,600 this week.
•On Tuesday, June 2, the index closed at a new yearly high of 1,588.06 points, up 19.69 points.
•Trading value on Tuesday was 93,010.91 million baht, with foreign investors having a net buy of 8,597.82 million baht.
•Foreign investor net buying since the beginning of the year accumulated to 28,915.17 million baht.
•Most analysts expected the index to reach only 1,450 to 1,500 points for 2026.
•The index has already risen 328.39 points (26.06%) from its closing level of 1,259.67 at the end of 2025.
•The current market rally thrives despite the domestic economy's struggle with dwindling purchasing power.

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Key Entities

Organization

Securities Analysis Department(ฝ่ายวิเคราะห์หลักทรัพย์)

Various securities analysis departments that provide market forecasts.

Delta Electronics (Thailand) Public Company Limited(บริษัท เดลต้า อิเล็กทรอนิกส์ (ประเทศไทย) จำกัด (มหาชน))ℹ️

A company whose stock performance significantly influences the index.

DELTAℹ️

Abbreviation for Delta Electronics (Thailand) Public Company Limited, a major stock contributor.

Gulf Energy Development Public Company Limited(บริษัท กัลฟ์ เอ็นเนอร์จี ดีเวลลอปเมนท์ จำกัด (มหาชน))ℹ️

A company whose stock reached a new record high, contributing to the index's rise.

GULFℹ️

Abbreviation for Gulf Energy Development Public Company Limited, a significant stock with record high performance.

Person

Sunan Srichantra(สุนันท์ ศรีจันทรา)

Author of the article, providing commentary on the stock market.

Place

Stock Exchange(ตลาดหลักทรัพย์)

The main stock exchange where trading occurs.

Policy

Thai Help Thai Project(โครงการไทยช่วยไทย)

A government initiative aimed at stimulating the economy.