Phillip Securities (Thailand) assesses that the Thai stock market next week will face pressure from crude oil prices holding above 90 dollars per barrel, high US bond yields, and net selling by foreign investors that has exceeded 6.3 billion baht, leaving the SET Index likely to swing downward in the 1,560-1,575 range. WTI crude rose to 93 dollars per barrel after reports that President Donald Trump ordered the US military to prepare for a major military operation in Iran, before easing back to 91 dollars per barrel. The yields on 10-year and 30-year US government bonds stood at 5.23% and 5.61% respectively. Meanwhile, the September 2026 consumer confidence index of the University of the Thai Chamber of Commerce fell to 52.1 from 53.2 the previous month, its first decline in four months. Amid market conditions that carry correction risk, Phillip Securities recommends tracking standout stocks across 4 themes: stocks expected to post third-quarter 2026 profit growth, export stocks and related businesses, stocks tied to the domestic economy and investment, and stocks linked to oil supply concerns. Investors must keep an eye on US CPI and PPI figures next week.
Article notes the 10-year US Treasury yield stands at 5.23%, a high level pressuring Thai stocks, but gives no new driver for the yield itself.
Article cites the 30-year US Treasury yield at 5.61% as a market headwind, but reports no fresh catalyst moving the yield.
