Week Ending: 4 September 2026

Thailand TH Sector

Technology

For the week ending 04 September 2026, Technology declined 1.06% with 31 advancing, 52 declining, and 11 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

69 technical evidence
Index1571.91 1 week-1.06% Breadth33% Members94
Country 🇹🇭 Thailand · TH
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Upward Expansion 19 completed weeks in this state
Trend acceptance 11.4% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 33% 31 advancing, 52 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Build exposure selectively

The evidence is constructive, but security selection and entry discipline still matter.

69 technical evidence
out of 100
Evidence balance

Five-pillar map

Selective
Trend
89
Breadth
33
Persistence
66
Relative
74
Risk quality
94
What supports the view
  • The index remains above a constructive Trend gate.
  • Constituent trends show positive multi-horizon persistence.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
Independent sentiment overlay News tone is balanced

Sentiment is not supplying a meaningful directional edge.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 1,410.75 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age19 weeks
Trend gateUp
Fan width6.59%
Fast versus slow change-0.37 pts
Above 83% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
5.1%
26-week
25.8%
39-week
25.6%
52-week
12.7%
Regime age23 weeks 52-week flips1 52-week boundary1394.27
Constituent trend persistence

Is the index move broadly durable?

76% coverage
Coherent positive38%
Coherent negative13%
Average horizon agreement84%
Positive horizon share65%
Weakening positives8
Repairing negatives8

71 constituents measured as of 4 Sep 2026. Median trend age is 19 weeks.

Custom stage map

Where constituents sit in the cycle

66% coverage
Stage 1 · Basing19%12 securities
Stage 2 · Advancing47%29 securities
Stage 3 · Distribution10%6 securities
Stage 4 · Declining24%15 securities
Re-acceleration watch0 Transition watch5 Relative strength leaders34% Fair Value repairs9

Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

77/100 mean confidence
Upward expansion
37% 23
Rotation up
2% 1
Deceleration
27% 17
Balance
11% 7
Rotation down
2% 1
Downward expansion
21% 13
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to TH Market Structure

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than TH Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index111.0
13-week trend109.1
4-week trend change0.73%
Weekly peer rank4 of 11
1 week
0.3 pts relative
4 weeks
1.4 pts relative
13 weeks
-0.1 pts relative
26 weeks
13.7 pts relative
52 weeks
8.2 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
31
Declining
52
Unchanged
11
4-week average 43%
13-week average 44%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility13.5%
Drawdown from 52-week high-1.1%
Positive weeks, last 1369%
Current directional run1 week
Turnover versus 13-week norm392%
Breadth impulse-12.1 pts
Cross-section

Return distribution

94 measured
Q1 -4.5% Median -1.3% Q3 1.0%
Average winner5.0%
Average loser-4.6%
Dispersion6.8 pts
Top-five upside share49%
Top-five capital share99%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

Industry map

Where sector leadership is forming

Performance, breadth and trend acceptance across every qualified industry.

2/9 positive
Above Trend Line8/989% of industries
Constructive breadth2/9At least half advancing
Median industry-1.58%1.87 pts dispersion
#1 Transition

Consumer Electronics

2.32%
Participation100% vs Trend6.0% vs Fair Value-5.1% Members4
#2 Advancing

Electronic Components

0.82%
Participation50% vs Trend31.3% vs Fair Value51.4% Members6
#3 Narrowing

Electronics & Computer Distribution

-0.52%
Participation31% vs Trend8.5% vs Fair Value15.8% Members16
#4 Narrowing

Information Technology Services

-1.19%
Participation24% vs Trend5.9% vs Fair Value-9.0% Members21
#5 Narrowing

Software - Application

-1.58%
Participation27% vs Trend10.1% vs Fair Value-11.8% Members11
#6 Narrowing

Software - Infrastructure

-1.63%
Participation30% vs Trend13.3% vs Fair Value-8.7% Members10
#7 Narrowing

Semiconductors

-1.96%
Participation36% vs Trend18.0% vs Fair Value17.3% Members11
#8 Contracting

Communication Equipment

-3.39%
Participation0% vs Trend-4.8% vs Fair Value-24.6% Members5
#9 Narrowing

Semiconductor Equipment & Materials

-4.18%
Participation0% vs Trend11.9% vs Fair Value75.8% Members4

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Qualified weighted tone
55out of 100

More positive than negative

Positive company scores outnumber negative ones, but the overall score remains close to 50.

Evidence quality

Coverage before conviction

49/100 confidence
Qualified companies1415% of measured constituents
Articles2889100% direct company evidence
Publishers45Independent sources represented
Latest evidence7 SepFreshness is weighted in the score
Constructive 29%Balanced 71%Cautious 0%
Price confirms news4
Price disagrees4
Negative news absorbed0
Positive but stretched2
Constructive edge

Strongest qualified tone

CRWD0647/100 confidence · 117 direct 62

CrowdStrike and Palo Alto Made the SaaSmageddon Survivor List. Can AI Expand Their Moats Fa…

 CRWD8047/100 confidence · 117 direct 62

CrowdStrike and Palo Alto Made the SaaSmageddon Survivor List. Can AI Expand Their Moats Fa…

 NVDA0168/100 confidence · 501 direct 61

NVIDIA’s $12.93B Hugging Face Acquisition Becomes Definitive

 NVDA8068/100 confidence · 501 direct 61

NVIDIA’s $12.93B Hugging Face Acquisition Becomes Definitive

 PLTR0153/100 confidence · 137 direct 57

Palantir’s Alex Karp: The Real AI Leak Isn't Data, It's Your 'Alpha'
Narrative risk

Weakest qualified tone

AAPL0143/100 confidence · 205 direct 47

Apple Faces Major New Threat Before Crucial iPhone Launch

 AAPL1945/100 confidence · 213 direct 47

Apple Faces Major New Threat Before Crucial iPhone Launch

 ADBE0635/100 confidence · 41 direct 50

Adobe (ADBE) Shares Climbed, So What Is Catching Attention Now?

 MSFT1940/100 confidence · 160 direct 52

Microsoft (MSFT)’s Outlook and OpenAI’s ChatGPT Work Both Broke the Same Day

 MSFT8040/100 confidence · 162 direct 52

Microsoft (MSFT)’s Outlook and OpenAI’s ChatGPT Work Both Broke the Same Day

Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 ITNSInternational Network System Public Company Limited
42.05% 2 AJAAJ Advance Technology Public Company Limited
9.09% 3 CCETCal-Comp Electronics (Thailand) Public Company Limited
8.62% 4 SRSSirisoft Public Company Limited
7.94% 5 SAMARTSamart Corporation Public Company Limited
7.08%

Weakest edge

94 NATNAT_NAT ABSOLUTE TECHNOLOGIES
-28.39% 93 DDOG19Datadog, Inc.
-11.88% 92 NOVANova Empire Public Company Limited
-11.02% 91 SMTStars Microelectronics (Thailand) Public Company Limited
-7.50% 90 DISCO80Disco Corporation
-7.26%

Constituent ledger

Sector constituents

All 94 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ITNS International Network System Public Company Limited SET 522.50M 2.50 0.27 pts
42.05%
2 AJA AJ Advance Technology Public Company Limited SET 689.19M 0.12 0.10 pts
9.09%
3 CCET Cal-Comp Electronics (Thailand) Public Company Limited SET 97.19B 9.70 0.09 pts
8.62%
4 SRS Sirisoft Public Company Limited SET 403.20M 2.72 0.08 pts
7.94%
5 SAMART Samart Corporation Public Company Limited SET 5.63B 6.05 0.08 pts
7.08%
6 MICRON19 Micron Technology, Inc. SET 23.49B 21.40 0.07 pts
7.00%
7 SYNEX Synnex (Thailand) Public Company Limited SET 8.26B 10.40 0.07 pts
6.67%
8 MICRON01 Micron Technology, Inc. SET 22.02B 20.00 0.07 pts
6.38%
9 LENOVO13 Lenovo Group Limited SET 84.35B 7.00 0.06 pts
6.06%
10 SUNNY19 Sunny Optical Technology (Group) Company Limited SET 317.96B 2.96 0.06 pts
5.71%
11 CRM01 Salesforce, Inc. SET 3.92B 4.78 0.05 pts
4.37%
12 AAPL01 Apple Inc. SET 463.37B 31.75 0.04 pts
4.10%
13 NOW19 ServiceNow, Inc. SET 4.80B 4.74 0.04 pts
3.95%
14 ORCL01 Oracle Corporation SET 387.04M 3.24 0.04 pts
3.85%
15 TEAM Team Precision Public Company Limited SET 3.44B 5.70 0.04 pts
3.64%
16 AAPL19 Apple Inc. SET 104.35B 7.20 0.04 pts
3.60%
17 AMARC Asia Medical and Agricultural Laboratory and Research Center Public Company Limited SET 1.18B 3.04 0.04 pts
3.40%
18 TBN TBN Corporation Public Company Limited SET 346.00M 3.50 0.03 pts
2.94%
19 NVDA01 NVIDIA Corporation SET 526.40B 22.40 0.03 pts
2.75%
20 NVDA80 NVIDIA Corporation SET 178.69T 38.00 0.03 pts
2.70%
21 MSC Metro Systems Corporation Public Company Limited SET 2.09B 5.85 0.03 pts
2.63%
22 CPW Copperwired Public Company Limited SET 1.48B 2.52 0.02 pts
1.61%
23 MSFT80 Microsoft Corporation SET 61.26B 8.35 0.01 pts
1.21%
24 DTCENT D.T.C. Enterprise Public Company Limited SET 1.28B 0.96 0.01 pts
1.05%
25 MSFT19 Microsoft Corporation SET 40.84B 5.60 0.01 pts
0.90%
26 SIMAT Simat Technologies Public Company Limited SET 765.31M 1.17 0.01 pts
0.86%
27 XIAOMI80 Xiaomi Corporation SET 3.06T 11.80 0.01 pts
0.85%
28 MFEC MFEC Public Company Limited SET 2.71B 6.20 0.01 pts
0.81%
29 XIAOMI01 Xiaomi Corporation SET 69.99B 2.70 0.01 pts
0.75%
30 IIG I&I Group Public Company Limited SET 167.79M 1.37 0.01 pts
0.74%
31 KCE KCE Electronics Public Company Limited SET 67.67B 57.25 0.00 pts
0.44%
32 APP Applicad Public Company Limited SET 856.80M 3.08 0.00 pts
0.00%
33 FPTVN11 FPT Corporation SET 156.72B 1.85 0.00 pts
0.00%
34 IDG IDG_INDIGY SET 125.00M 1.24 0.00 pts
0.00%
35 METCO Muramoto Electron (Thailand) Public Company Limited SET 6.23B 298.00 0.00 pts
0.00%
36 MSFT01 Microsoft Corporation SET 35.94B 4.90 0.00 pts
0.00%
37 PIS Pro Inside Public Company Limited SET 3.13B 5.75 0.00 pts
0.00%
38 SDC Samart Digital Public Company Limited SET 690.33M 0.02 0.00 pts
0.00%
39 SIS SiS Distribution (Thailand) Public Company Limited SET 8.02B 23.70 0.00 pts
0.00%
40 SOLAR Solartron Public Company Limited SET 274.50M 0.22 0.00 pts
0.00%
41 SPREME SPREME_SUPREME DISTRIBUTION SET 1.10B 1.50 0.00 pts
0.00%
42 SPTX SPT X Public Company Limited SET 2.14B 0.01 0.00 pts
0.00%
43 AIT Advanced Information Technology Public Company Limited SET 7.41B 4.80 0.00 pts
-0.41%
44 ADVICE ADVICE_ADVICE IT INFINITE SET 4.31B 6.95 -0.01 pts
-0.71%
45 PT Premier Technology Public Company Limited SET 3.21B 11.30 -0.01 pts
-0.88%
46 VCOM Vintcom Technology Public Company Limited SET 1.22B 3.94 -0.01 pts
-1.01%
47 BVG BlueVenture Group Public Company Limited SET 715.50M 1.59 -0.01 pts
-1.24%
48 READY Readyplanet Public Company Limited SET 362.40M 3.00 -0.01 pts
-1.32%
49 TPS The Practical Solution Public Company Limited SET 1.25B 3.00 -0.01 pts
-1.32%
50 SECURE nForce Secure Public Company Limited SET 1.26B 12.50 -0.02 pts
-1.57%
51 SPVI S P V I Public Company Limited SET 1.49B 3.70 -0.02 pts
-1.60%
52 NETBAY Netbay Public Company Limited SET 2.44B 12.30 -0.02 pts
-1.60%
53 FPTVN19 FPT Corporation SET 156.72B 9.20 -0.02 pts
-1.60%
54 ILINK Interlink Communication Public Company Limited SET 2.63B 4.86 -0.02 pts
-1.62%
55 SVOA SVOA Public Company Limited SET 1.64B 2.04 -0.02 pts
-1.92%
56 SICT Silicon Craft Technology Public Company Limited SET 1.40B 3.00 -0.02 pts
-1.96%
57 HANA Hana Microelectronics Public Company Limited SET 38.96B 45.75 -0.02 pts
-2.14%
58 ASML01 ASML Holding N.V. SET 17.57B 46.50 -0.03 pts
-2.62%
59 BE8 Beryl 8 Plus Public Company Limited SET 1.42B 5.45 -0.03 pts
-2.68%
60 PLTR01 Palantir Technologies Inc. SET 12.38B 5.40 -0.03 pts
-2.70%
61 SNC SNC Former Public Company Limited SET 2.59B 7.20 -0.03 pts
-2.70%
62 ADVANT80 Advantest Corporation SET 5.20B 7.15 -0.03 pts
-2.72%
63 GABLE G-Able Public Company Limited SET 2.70B 3.88 -0.03 pts
-3.00%
64 I2 I2 Enterprise Public Company Limited SET 331.80M 0.79 -0.04 pts
-3.66%
65 COMAN Comanche International Public Company Limited SET 83.70M 0.50 -0.04 pts
-3.85%
66 CSS Communication & System Solution Public Company Limited SET 1.13B 0.97 -0.04 pts
-3.96%
67 ADVANT19 Advantest Corporation SET 4.88B 6.95 -0.04 pts
-4.14%
68 ADBE06 Adobe Inc. SET 930.15M 2.30 -0.04 pts
-4.17%
69 TL Techlead Next Public Company Limited SET 2.68B 0.45 -0.05 pts
-4.26%
70 MEB MEB Corporation Public Company Limited SET 3.30B 11.10 -0.05 pts
-4.31%
71 SKY Sky ICT Public Company Limited SET 12.05B 16.90 -0.05 pts
-4.52%
72 ROCTEC Roctec Global Public Company Limited SET 4.87B 0.61 -0.05 pts
-4.69%
73 DITTO Ditto (Thailand) Public Company Limited SET 9.16B 13.50 -0.05 pts
-4.93%
74 INET Internet Thailand Public Company Limited SET 2.30B 3.82 -0.05 pts
-4.98%
75 BPS BPS_BPS TECHNOLOGY SET 224.00M 0.57 -0.05 pts
-5.00%
76 HUMAN Humanica Public Company Limited SET 3.48B 4.18 -0.06 pts
-5.43%
77 IT IT City Public Company Limited SET 2.34B 6.95 -0.06 pts
-5.44%
78 PLANET Planet Communications Asia Public Company Limited SET 329.64M 0.51 -0.06 pts
-5.56%
79 SMIC01 Semiconductor Manufacturing International Corporation SET 34.76B 4.00 -0.06 pts
-5.66%
80 TERA TERA_TERABYTE PLUS SET 314.40M 1.31 -0.06 pts
-5.76%
81 CRWD06 CrowdStrike Holdings, Inc. SET 5.68B 5.70 -0.06 pts
-5.79%
82 SMIC03 Semiconductor Manufacturing International Corporation SET 24.66B 2.82 -0.06 pts
-6.00%
83 ALT ALT Telecom Public Company Limited SET 1.72B 1.54 -0.06 pts
-6.10%
84 INSET Infraset Public Company Limited SET 3.63B 4.54 -0.07 pts
-6.20%
85 IRCP International Research Corporation Public Company Limited SET 187.04M 0.30 -0.07 pts
-6.25%
86 GIGA80 GigaDevice Semiconductor Inc. SET 14.64B 19.40 -0.07 pts
-6.28%
87 HUAHONG23 Hua Hong Grace Semiconductor Limited SET 839.27B 6.70 -0.07 pts
-6.29%
88 CRWD80 CrowdStrike Holdings, Inc. SET 28.67B 28.25 -0.07 pts
-6.61%
89 SMIC13 Semiconductor Manufacturing International Corporation SET 16.95B 1.94 -0.07 pts
-6.73%
90 DISCO80 Disco Corporation SET 1.30B 11.50 -0.08 pts
-7.26%
91 SMT Stars Microelectronics (Thailand) Public Company Limited SET 4.51B 5.55 -0.08 pts
-7.50%
92 NOVA Nova Empire Public Company Limited SET 627.19M 5.25 -0.12 pts
-11.02%
93 DDOG19 Datadog, Inc. SET 2.62B 7.05 -0.13 pts
-11.88%
94 NAT NAT_NAT ABSOLUTE TECHNOLOGIES SET 383.89M 1.11 -0.27 pts
-28.39%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context