Thai Stocks Set to Extend Streak as SET Index Nears 2026 High

Thailand’s benchmark SET Index looked poised to extend its winning streak on May 27, 2026, buoyed by accelerating foreign inflows and a tourism-led recovery. The gauge has risen for five consecutive sessions, adding 2.3% and closing Tuesday at 1,645.78 — its highest since February. Analysts at Kasikorn Securities said the rally has room to run, citing government data showing international arrivals for the first quarter of 2026 surpassed pre-pandemic levels by 12%. “With earnings revision momentum turning positive for the first time in eight quarters, we see the SET retesting 1,700 before mid-June,” the broker wrote in a note. The baht’s stability near 34.5 per U.S. dollar also reduced currency risk for offshore funds, which have pumped a net $420 million into Thai equities so far this week, exchange data showed. Gains were broad-based, with consumer discretionary and banking stocks leading the advance.