Thai Stock Market Surpasses 1,400 Points Following Election Results, CGSI Adjusts SET Target to 1,480 Points

The Stock Exchange of Thailand's index successfully broke through 1,400 points, responding to unofficial election results. At 11:30 AM, the Thai stock index stood above 1,400 points for the first time in a year, closing at 1,400.21 points and reaching a high of 1,403.96 points. By 12:00 PM, the index was at 1,399.72 points, an increase of 45.71 points or 3.38%, with trading value at 62,346.85 million baht. CGSI analysis notes that the Bhumjaithai Party (BJT) performed better than expected, potentially forming a government with Pheu Thai Party. The Election Commission must verify at least 95% of votes by April 9, with parliamentary selection expected by late April. Analysts believe the clear political landscape may attract foreign investments, with potential positive market response. They recommend shifting investments from defensive sectors to lagging sectors like healthcare, tourism, and consumer credit. CGSI has raised the SET index target to 1,480 points, expecting increased investor confidence and foreign investment.