The Thai stock market resumed trading after the long Songkran holiday, with the index falling sharply due to heavy selling of DELTA shares following the implementation of trading supervision measures. This contrasts with global markets, which continued to rise on hopes that the conflict between the U.S. and Iran may ease.
During Thailand’s holiday, international stock markets steadily rose on expectations of renewed talks between the U.S. and Iran, clearly reflecting the market’s response to hopes for an end to the conflict.
Although uncertainty remains, the opening of negotiation channels and the possibility of new talks soon have eased geopolitical pressure. This has caused crude oil prices to start falling, while some investors have reduced holdings in safe assets and shifted funds back into equities.
The U.S. stock market has rebounded strongly recently, especially with the S&P 500 index breaking through 7,000 points for the first time in history, closing around 7,022 points, setting a new all-time high and fully recovering from previous sell-offs caused by war concerns.
Data from Dao Securities (Thailand) Public Company Limited shows the U.S. stock market remains near record highs amid hopes that new peace negotiations between the U.S. and Iran will occur soon.
Investors have begun reducing their holdings of safe assets, while technology sector stocks (Big Tech) have regained popularity.
From 13-15 April 2026, the global stock market, as measured by the Bloomberg World Index, rose 2.0%, suggesting that the Thai stock market index today has a chance to rise alongside other markets.
The Thai stock market reopened today, with the index at 10:18 a.m. at 1,500.50 points, down 6.34 points or 0.42% from the last trading day’s close. Selling pressure on large-cap stocks, especially DELTA which fell over 4% and holds significant index weight, heavily pressured the market.
The pressure on DELTA stems from its classification under Level 1 trading supervision measures (Cash Balance) from 16–30 April 2026. Simultaneously, the Stock Exchange issued a Trading Alert to warn investors about unusual significant price changes.
Although the company stated there were no undisclosed material developments and fundamentals remain strong, reduced speculative demand under these measures has led to short-term selling pressure on the stock.
Analysts from Kasikorn Securities Public Company Limited maintain a cautious view, noting in their analysis that despite only two trading days remaining this week, the market is expected to remain volatile within the 1,460–1,545 point range, given uncertainties in U.S.-Iran negotiation outcomes.
Additionally, domestic factors, particularly selling pressure on individual stocks like DELTA and the upcoming Q1 2026 earnings season, are expected to increase short-term market volatility.
Therefore, they recommend accumulating stocks with positive momentum from negotiations, combined with those expected to report strong Q1 2026 earnings. For today, recommendations include SCC and KTC.
Dao Securities (Thailand) Public Company Limited assesses that the Thai stock market may rise in line with global markets recovering on hopes of an imminent end to the conflict, setting a short-term index target range of 1,523-1,545 points.
Strategically, investors are advised to build mixed portfolios including fundamentally strong stocks in banking, telecommunications, and retail sectors such as GULF, ADVANC, TRUE, CPALL, AOT, and CPN, alongside stocks that have fallen deeply but may recover with market conditions, such as BA, TIDLOR, BGRIM, and AAV.
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