Global stock markets have been affected by the conflict in the Middle East in the short term. Oil prices have risen in the range of 70-80 US dollars per barrel. In addition, investors are starting to pay attention to the progress of the US trade negotiations. After announcing an informal agreement with Vietnam, which is the first ASEAN country to reach an agreement to reduce tariff barriers.
Highlights of the Stock Exchange of Thailand – June 2025
- As of June 30, 2025, the SET Index closed at 1,089.56 points, down 5.2% from the previous month, which is more than most stock exchanges in the region. As a result, from the beginning of the year to the end of June 2025, it decreased by 22.2%.
- The total average daily turnover of SET and mai was 39,663 million baht, a decrease of 10.8% from the same period last year. As a result, in the first 6 months of 2025, the total average daily turnover was 41,856 million baht. This was a decrease of 7.5% from the same period last year.
- In June 2025, there were 1 newly listed companies traded on MAI. Nutrition Pro (NUT)
- The Forward P/E of the Stock Exchange of Thailand at the end of June 2025 was 11.9 times, lower than the average of Asian stock exchanges of 12.4 times, and the Historical P/E was 14.4 times, higher than the average of Asian stock exchanges of 14.3 times.
- The dividend yield at the end of June 2025 was at 4.51%, higher than the average of Asian stock exchanges of 3.30%.
In addition to external factors in June, Thai investors are also worried about the impact of the Thailand-Cambodia border dispute. In addition, there are domestic political factors that are entering a period of high uncertainty after the Constitutional Court decided to accept the petition. SWA Submitted for the removal of the Prime Minister and resolved to temporarily suspend his duties.
Mr. Sorapon Tulyasathian Deputy Manager Head of Corporate Strategic Planning The Stock Exchange of Thailand revealed that historical data suggests that even in the event of geopolitical conflicts or the declaration of war, Stock markets in developed countries often face short-term volatility before recovering and returning to positive returns in a short time. The Thai stock market has shown similar strength over the past month, with many analysts suggesting that maintaining investment discipline and continuing to follow the strategy or “Stay Invest” is an important approach to help investors not miss important opportunities. If the market index can quickly reverse upwards and generate satisfactory returns in the next period, it will be able to return to the market.
This is because the Thai economy in the first half of 2025 expanded better than estimated due to the manufacturing sector and the acceleration of exports. As a result, the Monetary Policy Committee (MPC) meeting decided to maintain the policy interest rate. Meanwhile, after the last day of the sale of Thai ESGX mutual funds, there was a fund flow of more than 30 billion baht. This is considered a factor that helps support Thai stocks during a period of relatively high uncertainty. In addition, the SET plans to support listed companies in various dimensions through the “JUMP+” project to strengthen confidence in the Thai capital market.
Futures Market Conditions (TFEX) for June 2025
As of June 30, 2025, the average daily trading volume was 442,877 contracts, an increase of 24.1% from the previous month, mainly due to the increase in Single Stock Futures and SET50 Index Futures.
Source : Summary of the Stock Exchange of Thailand in June 2025
