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17 Nov 2025

Financial Markets

The Baht weakened while the SET index dropped below 1,300 points

คะแนนเฉลี่ย
• The Thai stock market dropped below 1,300 points amid sell-offs of foreign investors. 
        The SET Index moved within a narrow range early in the week before falling below the 1,300-point level by midweek amid selling pressure from foreign investors, led by profit-taking in stocks of a major electronic components manufacturer and retail stocks after a leading retail company reported relatively weak 3Q-2025 performance results. 
        The SET Index briefly edged up later in response to news that the US government shutdown (the longest in US history) had ended. However, the upside was limited as selling pressure persisted in retail stocks. Towards the end of the week, the SET Index tumbled again in line with other regional bourses after several Fed officials signaled no rush to cut interest rates, leaving uncertainty over the next Fed meeting. Additionally, selling in technology stocks, following the decline in US technology stocks, further weighed on the SET Index. 

• On Friday, November 14, 2025, the SET closed at 1,269.26 points, down 2.58% over-week. The average daily trading value was THB33,463.35 million, down 7.62% over-week. The mai closed at 219.50 points, down 2.51% over-week.  
• November 17-21, 2025, KSecurities expects the SET to have support at 1,230 and 1,200 points, but resistance at 1,285 and 1,300 points, respectively. KResearch advises investors to watch key factors, including Thailand’s GDP report for 3Q-2025, Fed officials’ remarks, and foreign capital flows. The US economic data that warrant close monitoring include October Existing Home Sales, November Manufacturing and Services PMI (Flash) and FOMC minutes. Other important overseas economic indicators to monitor include Japan’s GDP report for 3Q-2025, Eurozone’s and Japan’s October CPI, China’s November LPR, plus November Manufacturing and Services PMI (Flash) of UK, Eurozone and Japan.

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Financial Markets