Display mode (Doesn't show in master page preview)

23 Jun 2025

Financial Markets

The Baht weakened while the SET hit its lowest in 2-1/2 months

คะแนนเฉลี่ย
  • The Thai stock market fell sharply from the previous week amid concerns over domestic political issues.
         The SET dropped early in the week, dragged by the news regarding tensions between Israel and Iran and sell-offs of stocks of an airport operator due to the request for the termination of the exit duty-fee concession contract from its partner. However, the purchase of stocks of a major energy company helped limit the market's decline. 
         The SET tumbled again around midweek amid concerns over the government’s stability following reports of internal conflicts within the coalition, as well as tensions between Thailand and Cambodia. Additionally, the ongoing unrest in the Middle East between Israel and Iran continued to weigh on investor sentiment in both the Thai and other regional stock markets. These negative factors triggered broad-based selling across all sectors. However, the SET pared some losses towards the end of the week after hitting its lowest in more than 2 and a half months at 1,066.02 points, mainly supported by purchases of banking stocks. 
 
  • On Friday, June 20, 2025, the SET closed at 1,067.63 points, down 4.91% over-week. The average daily trading value was THB40,182.81 million, up 30.16% over-week. The mai closed at 226.15 points, down 4.63% over-week. 
  • June 23-27, 2025, KSecurities expects the SET to have support at 1,050 and 1,020 points, but resistance at 1,080 and 1,100 points, respectively. KResearch advises investors to watch key factors, including the BOT’s MPC meeting (June 25), issues related to US tariffs, Middle East tensions, domestic political issues and foreign fund flows. The US economic data that warrant close monitoring include June Manufacturing and Services PMI (Flash), May New Home Sales, Existing Home Sales, Durable Goods Orders, Personal Income and Outlays, PCE/Core PCE Price Index, GDP report for 1Q-2025 (Final), plus Weekly Jobless Claims. Close attention must also be paid to June Manufacturing and Services PMI (Flash) of Japan, Eurozone and UK, plus China’s May Industrial Profits. 

View full article


Financial Markets