FX.co ★ Thailand Stocks Rise to Over 14-Month High

Thailand's SET 50 Index rose 3 points, or 0.3%, to 953 in Wednesday afternoon trading, reaching its highest level since November 2024, after the ruling Bhumjaithai Party secured a decisive victory in Sunday’s general election. The result boosted expectations that a more stable coalition government could emerge and put an end to a prolonged period of political uncertainty. The BJT, led by incumbent Prime Minister Anutin Charnvirakul, was on course to win the largest number of seats in the 500-seat lower house, positioning it as the frontrunner to form a coalition. Gains in commercial services, non-energy minerals, consumer durables, and industrial services were the main drivers of the broader index. Notable performers included True Corp (up 3.1%), PTT Oil & Retail Business (2.9%), Bumrungrad Hospital (2.4%), Gulf Development (2.3%), and WHA Corp (2.1%).