- The Thai stock market rose this week, boosted by banking and energy stocks.
The SET moved within a narrow range early in the week before surging until the middle of week in line with other regional bourses ahead of the FOMC meeting. In addition, the SET was boosted by investors’ purchases after a sharp drop for several consecutive weeks, particularly those of banking stocks (hoping for quarterly dividend payment ahead of the XD date and on the back of a major bank’s announcement of special dividend payments) and energy stocks (following the rising global oil prices). The SET dropped briefly later, mainly pressured by profit-taking in individual stocks particularly those of a major energy company and a major technology company before SP (trading suspension) date following merger procedures. However, the SET rebounded at the end of the week, boosted by the continued purchases of banking and energy stocks.
- On Friday, March 21, 2025, the SET closed at 1,186.61 points, up 1.09% over-week. The average daily trading value was THB41,942.62 million, up 4.15% over-week. The mai closed at 246.58 points, up 0.17% over-week.
- March 24-28, 2025, KSecurities expects the SET to have support at 1,165 and 1,155 points, but resistance at 1,20 and 1,210 points, respectively. KResearch advises investors to watch key factors, including trade conflicts between US and its trading partners, and foreign fund flows. The US economic data that warrant close monitoring include March Manufacturing and Services PMI (Flash), February New Home Sales, Durable Goods Orders, Personal Income and Outlays, PCE/Core PCE Price Index, GDP report for 4Q-2024 (final), plus Weekly Jobless Claims. Close attention must also be paid to March Manufacturing and Services PMI (Flash) of Japan, Eurozone and UK, plus China’s February Industrial Profits.
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