Pattaya News – Thai Stock Market Surges After Anutin’s Election Win as Investors Prioritize Stability Over Reform Concerns

Bangkok

Thailand’s stock market reacted positively to the decisive victory of Prime Minister Anutin Charnvirakul’s Bhumjaithai Party in the February 8th, 2026, general election, with the benchmark Stock Exchange of Thailand (SET) Index surging as much as 4% in early trading on Monday before closing up around 3.5% — its strongest single-day gain in months.

The rally reflects widespread investor relief at the prospect of policy continuity, political stability, and a reduced risk of prolonged coalition negotiations. Bhumjaithai’s strong performance, projected to secure around 192–194 seats in the 500-seat House of Representatives, positions Anutin to form a solid coalition government, likely ensuring a full four-year term. Analysts from firms like CGS International and Maybank Securities described the outcome as “better than expected,” with expectations of boosted foreign inflows, economic recovery support from the second half of 2026, and re-rating in sectors like construction, retail, banking, healthcare, and tourism.

The Thai baht also strengthened, gaining about 0.9–1% against the US dollar to around 31.20–31.26, outperforming many Asian peers amid a weaker greenback and higher gold prices. Shares linked to Bhumjaithai-affiliated figures and interests, such as those in construction and related sectors, were among the top gainers.

The election result is seen as a clear vote for stability amid slow growth, border tensions with Cambodia, and global uncertainties, factors that favored Anutin’s nationalist, pragmatic messaging over progressive reform. While the market’s immediate bounce signals confidence in continuity, challenges remain: Thailand faces tight fiscal constraints, structural issues, and the need for sustained stimulus to revive growth.

Overall, the post-election surge shows a preference among investors for predictable governance under Anutin, even as broader economic tests loom ahead. The SET Index is now eyed to potentially reach 1,450–1,500 by year-end, according to upgraded targets from several brokerages.