09.02.202609:54:40UTC+00Thai Shares Climb on Initial Election Results

The SET 50 index rose more than 3% on Monday, closing at its highest level since January of last year, after preliminary election results showed Prime Minister Anutin Charnvirakul’s Bhumjaithai Party with a clear lead. Investors welcomed the early clarity, as diminished political uncertainty and expectations of policy continuity bolstered market sentiment. A stable government is widely expected to preserve existing economic programs and cash handouts, providing reassurance to both domestic and foreign investors. Nonetheless, analysts warn that it remains too early to fully assess the wider economic implications and are continuing to closely track political risks. Across the index, shares of Stecon Group Pcl jumped 18.8%, its largest single-day gain since September 2024. Other notable advancers included Forth Corp (+28.7%), DOD Biotech (+17.4%), and Sky ICT (+15.5%).