6 Jan 2025 Financial Markets The Baht hit the weakest level in almost 2 weeks while the SET dropped in the first week of 2025 คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market dropped below 1,400 points in the first week of 2025 due to concerns about global minimum tax. The SET dropped slightly early in the week, which was the final trading day of 2024, as some investors held off on trading before New Year holidays due to the lack of new supportive factors. (the SET index closed at 1,400.21 points on December 30, 2024, down 1.10% form the closing level at the end of 2023). The SET continued to drop on the first trading day of 2025 amid sell-offs of various large-cap stocks, led by electronics producer stocks and energy stocks due to concerns about the impacts of the global minimum corporate tax at 15% on multinational enterprises, effective January 1, 2025. However, the SET recovered somewhat at the end of the week, boosted by the buybacks of electronics producer stocks and energy stocks. Stocks in the banking sector outperformed those in other sectors this week, attributed to speculative buying ahead of the announcement of their performance results for 4Q-2024. On Friday, January 3, 2025, the SET closed at 1,384.76 points, down 1.19% over-week. The average daily trading value was THB32,833.89 million, up 4.56% over-week. The mai closed at 307.41 points, down 0.87% over-week. January 6-10, 2025, KSecurities expects the SET to have support at 1,375 and 1,360 points, but resistance at 1,400 and 1,410 points, respectively. KResearch advises investors to watch key factors, including Thailand’s Inflation data for December 2024 and foreign fund flows. The US economic data that warrant close monitoring include Services ISM/PMI, ADP Employment Report, Non-farm Payrolls, Unemployment Rate for December 2024, Imports and Exports for November 2024, FOMC minutes, plus Weekly Jobless Claims. Close attention must also be paid to Services PMI for December 2024 of Japan, China and Eurozone, plus Eurozone’s CPI for December 2024 (Flash) and PPI for November 2024. 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