20 Jan 2025 Financial Markets The Baht strengthened, while the SET dropped for the third consecutive week. คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market dropped almost throughout the week amid foreign investors’ sell-offs. The SET tumbled early in the week in line with other stock markets as the better-than-expected US non-farm payrolls data boosted expectations that the Fed would slow the pace of rate cuts this year. The SET was also dragged by sell-offs of tourism-related stocks as the case of a Chinese actor going missing in Thailand weighed on tourists’ confidence, and stocks of a major electronics producer due to its specific issue. The SET rose briefly around midweek, driven by the news reporting that Donald Trump’s economic team is discussing a plan to gradual hike tariffs and the purchases of banking stocks ahead of the announcement of their performance results and energy stocks following the rise in global oil prices. However, the SET dropped again during the rest of the week as investors became cautious while monitoring Donald Trump’s policies after taking office as US president next week. On Friday, January 17, 2025, the SET closed at 1,340.63 points, down 2.00% over-week. The average daily trading value was THB44,347.94 million, up 10.08% over-week. The mai closed at 275.57 points, down 6.39% over-week. January 20-24, 2025, KSecurities expects the SET to have support at 1,330 and 1,320 points, but resistance at 1,345 and 1,355 points, respectively. KResearch advises investors to watch key factors, including signals regarding various polices of Donald Trump after taking office as US president, 4Q-2024 performance results of Thai listed companies, particular those in the banking sector, and foreign fund flows. The US economic data that warrant close monitoring include Manufacturing and Services PMI (Flash) for January 2025, Existing Home Sales for December 2024, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOJ meeting, Japan’s CPI for December 2024, China’s LPR for January 2025, plus Manufacturing and Services PMI (Flash) for January 2025 of Japan, Eurozone and UK. 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