25 Nov 2024 Financial Markets The Baht and the SET rose slightly over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market reversed its gains at the end of the week despite falling sharply during the week. The SET surged early to midweek, driven by Thailand’s 3Q-2024 GDP report that exceeded market expectations of 3%, and news regarding additional domestic economic stimulus measures. Such positive factors boosted the purchases of various stocks, led by those in the energy, technology and banking sectors. However, the SET dropped sharply later amid sell-offs of stocks of a major electronics producer as it triggered Level 1 of the Market Surveillance Measures, despite the support of various large-cap stocks. The SET recovered somewhat at the end of the week in line with other stock markets, plus the fact that investors were less concerned about domestic political issues. On Friday, November 22, 2024, the SET closed at 1,446.30 points, up 0.25% over-week. The average daily trading value was THB41,316.10 million, down 12.71% over-week. The mai closed at 322.57 points, up 0.30% over-week. November 25-29, 2024, KSecurities expects the SET to have support at 1,440 and 1,415 points, but resistance at 1,460 and 1,470 points, respectively. KResearch advises investors to watch key factors, including Thailand’s October Exports and foreign fund flows. The US economic data that warrant close monitoring include FOMC meeting minutes, GDP report for 3Q-2024, October New Home Sales, PCE/Core PCE Price Index, Personal Income and Outlays, Durable Goods Orders, plus Weekly Jobless Claims. Close attention must also be paid to China’s October Industrial Profits, Eurozone’s November CPI (Flash), plus Japan’s October Industrial Production. 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