2 Dec 2024 Financial Markets The Baht strengthened while the SET dropped throughout the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market tumbled due to several factors. The SET tumbled from the beginning of the week despite positive sentiment from the better-than-expected Thailand’s exports in October 2024. Factors that pressured the SET this week were investors’ sell-offs for portfolio adjustment following the MSCI Rebalance which took effect on November 25, 2024, profit-taking in energy stocks following the decline in global oil prices after easing tensions in the Middle East (Israel-Lebanon ceasefire), plus concerns about trade war as US President-elect Donald Trump announced plans to hike tariffs on imports from Mexico, Canada and China. The SET continued to tumble until the end of the week, with an additional pressure from profit-taking in technology stocks.On Friday, November 29, 2024, the SET closed at 1,427.54 points, down 1.30% over-week. The average daily trading value was THB40,056.75 million, down 3.05% over-week. The mai closed at 320.69 points, down 0.58% over-week. December 2-6, 2024, KSecurities expects the SET to have support at 1,415 and 1,400 points, but resistance at 1,435 and 1,445 points, respectively. KResearch advises investors to watch key factors, including Thailand’s November CPI and foreign fund flows. The US economic data that warrant close monitoring include November Manufacturing and Services ISM/PMI, ADP Employment Report, Non-farm Payrolls, Unemployment Rate, October Exports and Imports, plus Weekly Jobless Claims. Close attention must also be paid to November Manufacturing and Services PMI of China, Japan and Eurozone, plus Eurozone’s GDP report for 3Q-2024 and October PPI. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Financial Markets SET Index Related Analysis View all 26 Feb 2018 Financial Markets “The Baht weakened slightly, while the SET closed at near last week’s level.” The Baht fell slightly against the US Dollar. The Baht briefly rose early in the week as the US dollar tumbled on a weak US New Home Sales report and falling US bond yields. However, the Baht reversed those gains and weakened later on the Fed Chairman’s viewpoint toward US overall economic and inflation outlooks that reinforced expectations of further US monetary tightening. However, the Dollar’s upside gains were capped later after the Fed Chairman said that there was yet to be seen any clear picture toward wage increases in the US. In addition, concern toward US trade protectionism weighed on the US Dollar sentiment. ... Read more 0 KB 0 KB 19 Feb 2018 Financial Markets “The Baht weakened, while the SET rebounded to over 1,800 points after some sell-offs.” The Baht weakened against the US Dollar. The Baht fell to mid week amid the US Dollar short-covering ahead of the release of the latest FOMC minutes. The US dollar also gained on the US rate-hike outlook and rising US bond yields. However, the Baht pared some losses somewhat later in the week on investors’ position adjustments. ... Read more 0 KB 0 KB 12 Feb 2018 Financial Markets “The Baht bounced back to over a 4-year high, and the SET rose over 1,800 points.” ... Read more 0 KB 0 KB 5 Feb 2018 Financial Markets “The Baht weakened as the SET faced foreign investor sell-offs throughout the week.” ... Read more 0 KB 0 KB 29 Jan 2018 Financial Markets “The Baht traded in a narrow range, while the SET followed foreign factors.” ... Read more 0 KB 0 KB 22 Jan 2018 Financial Markets “The Baht hit an over 4-year high, while the SET improved late in the week.” ... Read more 0 KB 0 KB View all