Retail, banking and tourism stocks are set to benefit from the policies of the new coalition government led by the Move Forward Party, according to analysts.
The Thai stock market is likely to remain volatile in the short term as investors await more clarity on the formation of the new government and its policy implementation. However, in the long term, analysts expect that a stable and democratic government will be positive for the Thai economy and market sentiment.
Sentiment surrounding the Stock Exchange of Thailand (SET) was downbeat on Monday, despite Sunday's landslide election win, as investors dumped shares related to politics and big-cap stocks that might be adversely affected by the policies of the Move Forward Party, analysts say.