27 Nov 2023 Financial Markets The Baht weakened while the SET dropped over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market closed below 1,400 points at the end of the week. The SET moved within a narrow range early in the week, with the negative factor of lower-than-expected Thailand’s GDP report for 3Q2023 while the the positive factor included the Stock Exchange of Thailand’s signals to strictly control naked short selling. However, the SET gradually dropped from midweek after the FOMC minutes revealed that the Fed could raise more rates if inflation stays stubborn. In addition, the SET was dragged by sell-offs of stocks of an airport business operator on its lower-than-expected performance results, and energy stocks following the falling global oil prices due to the delay of OPEC+ meeting. On Friday, November 24, 2023, the SET closed at 1,397.43 points, down 1.30% over-week. The average daily trading value was THB36,617.56 million, down 25.62% over-week. The mai closed at 400.18 points, down 0.56% over-week. November 27 – December 1, 2023, KSecurities expects the SET to have support at 1,390 and 1,375 points, but resistance at 1,415 and 1,430 points, respectively. KResearch views that key matters to watch include Thailand’s October Exports, BOT’s MPC meeting (November 29), foreign fund flows and OPEC+ meeting (November 30). The US economic data that warrant close monitoring include October New Home Sales, Personal Income and Outlays, PCE/Core PCE Price Index, November Manufacturing ISM/PMI, GDP report for 3Q2023 (prelim.), plus Weekly Jobless Claims. Close attention must also be paid to China’s October Industrial Profits, Eurozone’s November CPI (Flash), and November Manufacturing PMI of China, Japan and Eurozone. 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