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13 Aug 2025

Financial Markets

The Baht rose in line with the SET which surged almost throughout the week

คะแนนเฉลี่ย
•    The SET hit a nearly 6-month high during the week before paring gains somewhat at the end of the week.
        The SET surged early to midweek in line with other regional bourses, amid foreign investors’ purchases. This was mainly driven by expectations that the Fed might cut interest rates at its upcoming September meeting, following weaker-than-expected US non-farm payroll for July. The SET was also boosted by purchases of large-cap stocks across various sectors, particularly finance, banking, and telecommunication sectors (whose latest quarterly earnings were relatively strong). Another boost came from a major airline company following its resumption of trading on the stock market after the termination of its business rehabilitation plan.
However, the SET declined towards the end of the week after hitting a nearly 6-month high of 1,280.78 points, due to investors’ position adjustment ahead of a long domestic holiday.   
 
•    On Friday, August 8, 2025, the SET closed at 1,259.07 points, up 3.34% over-week. The average daily trading value was THB54,864.79 million, up 2.18% over-week. The mai closed at 254.99 points, up 2.24% over-week. 
•    August 11-15, 2025, KSecurities expects the SET to have support at 1,230 and 1,215 points, but resistance at 1,280 and 1,300 points, respectively. KResearch advises investors to watch key factors, including the BOT’s MPC meeting (August 13), 2Q-2025 performance results of Thai listed companies, and foreign fund flows. The US economic data that warrant close monitoring include July CPI, PPI, Retail Sales, and Industrial Production, plus Weekly Jobless Claims. Close attention must also be paid to Eurozone’s and Japan’s GDP report for 2Q-2025, Eurozone’s and Japan’s June Industrial Production, plus China’s July economic data such as Industrial Production, Retail Sales and Fixed Asset Investment.

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Financial Markets