SET News : SET market report for September 2026

SET News 82/2026 October 8, 2026 SET market report for September 2026 - SET Index (End-Sep) 1,559.01 pts. -2.3% MoM +23.8% YTD - Average Daily Turnover SET and mai (Sep) THB 70.15 bln +62.6% YoY - Dividend Yield SET (End-Sep) 4.4% Asian average of 2.9% - Foreign Net Buy SET and mai (YTD) THB 24.86 bln Net sell THB 26.33 bln (Sep) BANGKOK, October 8, 2026 - The SET Index closed September 2026 at 1,559.01 points, down 2.3 percent from the previous month, in line with several markets in the region, but still up 23.8 percent from the end of 2025. The Thai stock market faced volatility driven by external factors, including geopolitical risks, energy prices and inflationary pressures. The U.S. Federal Reserve (Fed) raised interest rates and signaled that rates would remain elevated for an extended period, keeping U.S. Treasury yields high and fueling volatility in capital flows to emerging markets, with foreign investors net sellers across several regional markets. Domestic flooding in late September also weighed on the market. The Stock Exchange of Thailand (SET) Executive Vice President and Head of Research Department, Chatchai Thisadoldilok, CFA, FRM, said that the SET Index hovered near the 1,600-point mark for most of the month before facing heavier selling pressure toward month-end, coinciding with growing concerns over the flooding situation. However, the overall impact on listed companies remained limited, while domestic fundamentals continued to provide support. Fitch Ratings raised its outlook on Thailand to Stable and affirmed its BBB+ rating. Investment also continued to expand, particularly in technology and related industries, in line with sustained growth in technology exports. Government measures have become clearer, covering post-flood relief and recovery, economic stimulus and investment. Key factors to watch in the period ahead include the direction of interest rates and bond yields, as well as economic conditions and corporate earnings for the remainder of the year. Key highlights for September 2026 - The SET Index ended September at 1,559.01 points, down 2.3 percent from the previous month but up 23.8 percent from the end of 2025. - Industrials and Technology outperformed other industry groups in September, while Industrials, Technology, and Resources continued to lead the market year-to-date. - Combined SET and Market for Alternative Investment (mai) average daily trading value in September 2026 jumped 62.6 percent year-on-year to THB 70.15 billion. For the first nine months, average daily trading value surged at the same pace to THB 69.94 billion. - Foreign investors were net sellers of THB 26.33 billion in September, narrowing their net buying to THB 24.86 billion for the first nine months. - Foreign investors accounted for 57 percent of total trading value, followed by local retail investors at 29.1 percent, proprietary trading by securities companies at 7.2 percent and local institutional investors at 6.7 percent. - One new company debuted on mai in September: Frontline Engineering pcl (FLE). - SET's forward P/E ratio at the end of September 2026 was 13.8 times, above the Asian stock market average of 12.9 times. Its historical P/E ratio was 14.7 times, below the Asian stock market average of 15.2 times. - SET's dividend yield at the end of September 2026 was 4.4 percent, above the Asian stock market average of 2.9 percent. Derivatives Market for September 2026 - Thailand Futures Exchange's (TFEX) daily trading volume averaged 546,158 contracts, rising 17.9 percent from the previous month, primarily driven by higher trading in SET50 Index Futures and Single Stock Futures. For the January-to-September period, TFEX average daily trading volume increased 28.2 percent year-on-year to 543,371 contracts. "SET...The Trusted Gateway to Inclusive Opportunities" ______________________________________________________________________