1. Market Overview for December 2025
- The Stock Exchange of Thailand (SET) Index closed at 1,259.67 points on December 30, 2025, marking a 10.0% decrease from the previous year but a 0.2% increase from the previous month.
- Key sectors outperforming the SET Index compared to the end of 2024 included Technology and Finance sectors.
2. Key Statistics
- The average daily trading value for SET and mai was 31.474 billion THB, a 22.7% decrease from the same month last year, resulting in an average for the year of 41.405 billion THB, down 11.8% year-on-year.
- Foreign investors purchased a net total of 6.202 billion THB in December, but the total net sales for the year reached 107.096 billion THB.
- In December, foreign investors accounted for 54.08% of total trading value, followed by domestic retail investors at 28.98%.
3. Economic Concerns and Policy Responses
- Ongoing economic concerns, including U.S. monetary and fiscal policies, have increased demand for safe assets. The Federal Reserve (Fed) decided to lower interest rates by 0.25% to a range of 3.50% – 3.75% in its last meeting of the year, with a divided vote (9 to 3).
- The Fed also resumed purchasing Treasury bills to stabilize money markets, indicating a cautious approach to interest rate adjustments amid inflation concerns and labor market vulnerabilities.
4. Predictions and Economic Outlook
- Projections for Thailand’s GDP suggest a slowdown in economic growth for 2026, prompting the Bank of Thailand to reduce the policy interest rate to 1.25% to support the economy.
- Comparisons of policy interest rates show that Thailand’s rates remain low compared to other countries, limiting the space for future monetary policy adjustments.
5. Stock Market Dynamics
- The SET Index experienced significant fluctuations throughout 2025, influenced by various global and domestic events, including trade policies and economic conditions.
- By the end of 2025, over half of the stocks listed on the SET were trading below their book values, prompting many companies to buy back shares to enhance liquidity and investor confidence.
6. Investment Insights
- In a declining interest rate environment, long-term investors are encouraged to focus on dividend stocks, as reflected in the Total Return Index (TRI) for SET50, which incorporates dividend yields.
- The investment landscape in Asia showed a clear outperformance compared to the U.S. and European markets, with commodities benefiting from a weaker dollar.
7. New Listings
- In December, one new company, NTF Inter Group Public Company Limited, was listed on the mai.
This summary encapsulates the key points and highlights from the PDF, focusing on market performance, economic outlook, and investment strategies relevant to the Thai stock market.
Source : Presentation summarizing the stock market situation in December and 2025.
