Thailand Story Fuels SET Recovery as April Outflows Ease

Khaosod•Economy•18d ago

Reader Briefing

Thailand's stock market shows signs of recovery in April, driven by easing war concerns and the emergence of positive 'Thailand Story' factors.

•The Stock Exchange of Thailand (SET) index saw a recovery in April, with a 3.15% increase from the previous month.
•Foreign capital outflows decreased in April compared to March, indicating reduced investor anxiety.
•Positive government measures and the 'Thailand Story' are seen as key drivers for market sentiment.
•Domestic economic figures are improving, with exports rising and tourist arrivals at a high level.

•In April 2026, the SET Index closed at 1,493.69 points, an increase of 3.15% from the previous month, contributing to an 18.58% rise from the end of 2025.
•The Thai stock market in April showed less shock from the war situation compared to March, resulting in reduced foreign capital outflows.
•Average daily trading volume for SET and mai in April was 58,688 million baht, an increase of 48.88% from the same period last year, with the first four months of 2026 averaging 63,646 million baht.
•Foreign investors had a net sale of 2,513 million baht in April; however, they remained net buyers of 16,638 million baht year-to-date.
•The Forward P/E of the Stock Exchange of Thailand at the end of April 2026 was 15.16x, higher than the Asian market average of 12.96x, while Historical P/E was 17.05x, lower than the Asian average of 17.31x.
•The dividend yield of the Stock Exchange of Thailand at the end of April 2026 was 4.42%, higher than the Asian market average of 2.76%.
•Sornphol Tulayasehten stated that the market is getting used to the war situation and that US and Thai policy interest rates are expected to remain stable until the end of the year.
•Positive "Thailand Story" factors, including government measures for cost of living, economic stimulus, energy structure adjustments, and the Land Bridge project, are contributing to market recovery by alleviating concerns.

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Sornphol Tulayasehten

"The Thai stock market in April increased by approximately 3% from March and continued to recover."

ตลาดหุ้นไทยเดือน เม.ย.ที่ผ่านมา เพิ่มขึ้นจากเดือนมี.ค.ประมาณ 3% จากเดือน มี.ค. และฟื้นต่อเนื่อง

Sornphol Tulayasehten

"I think based on the current news, people are getting used to the war situation, and the US is trying to end it."

ผมว่าจากข้อมูลข่าวสารเวลานี้ คนเริ่มชินกับภาวะสงคราม ซึ่งแนวโน้มสหรัฐพยายามทำให้จบ

Sornphol Tulayasehten

"Policy interest rates in both the US and Thailand are quite clear that they should remain stable at least until the end of this year."

อัตราดอกเบี้ยนโยบายทั้งของสหรัฐและไทย ก็ค่อนข้างชัดว่าน่าจะคงที่ไปอย่างน้อยถึงสิ้นปีนี้

The Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The official stock exchange of Thailand, which released data on market performance in April.

The main stock market index in Thailand, which showed signs of recovery in April 2026.

Unique Plastic Industry Public Company Limited (UNIX)(บมจ. ยูนิคพลาสติก อินดัสตรี)

A company newly listed on the Stock Exchange of Thailand in April 2026.

Sornphol Tulayasehten(นายศรพล ตุลยะเสถียร)

Deputy Manager of The Stock Exchange of Thailand, who provided analysis on the market's performance.

April(เม.ย.)

The month in which the stock market showed improved performance and reduced foreign outflows.