Thailand’s stock market surged on February 9, 2026, with the SET Index jumping 46.88 points or 3.46% to close at 1,400.89, as election results eased concerns over a political vacuum. Trading turnover reached 102.1 billion baht, marking the first “100-billion-baht” trading day in more than a year.
The index hit an intraday high of 1,407.74 after opening sharply higher on expectations that Bhumjaithai would lead the formation of the next government, boosting investor confidence. Institutional investors, proprietary trading accounts and foreign investors were net buyers, while domestic retail investors were net sellers.
SET President Asadej Kongsiri said the market was pricing in a more stable government structure, with policies expected to support domestic demand, reduce living costs and strengthen economic activity, alongside capital-market reforms such as TISA and regulatory upgrades.
Market strategists said the rally was stronger than expected, reflecting improved political stability and the prospect of sustained fund inflows. While short-term profit-taking may emerge after the sharp rise, analysts maintained a year-end SET Index target of around 1,440, with further upside possible if government formation and policy clarity remain supportive.