4 Nov 2024 Financial Markets The Baht hit a 7-week low while the SET closed near last week’s level คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET fluctuated during the week but closed near last week’s level. The Thai stock market dropped early to midweek amid investors’ sell-offs while waiting for new supporting factors, led by technology stocks, particularly stocks of a major electronics producer due to the disappointing 3Q-2024 performance results. However, the SET surged later in the week in the opposite direction of other stock markets, driven mainly by an anticipated recovery in the Thai economy after the Ministry of Finance projected that Thailand’s GDP will expand by 3%.The SET dropped slightly at the end of the week as investors became cautious ahead of US labor market data this week, as well as US presidential election and the FOMC meeting scheduled for next week. • On Friday, November 1, 2024, the SET closed at 1,464.17 points, up 0.05% over-week. The average daily trading value was THB40,425.26 million, down 16.85% over-week. The mai closed at 338.22 points, up 0.33% over-week. • November 4-8, 2024, KSecurities expects the SET to have support at 1,450 and 1,435 points, but resistance at 1,475 and 1,490 points, respectively. KResearch advises to watch key factors, including the result of US presidential election, FOMC meeting (November 6-7), Thailand’s October Inflation, Thai listed companies’ performance results for 3Q-2024 and foreign fund flows. The US economic data that warrant close monitoring include October Services ISM/PMI, September Exports/Imports, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOE meeting, October Services PMI of Eurozone, Japan and China, plus China’s October Exports. 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