2 Sep 2024 Financial Markets The Baht hit a new 13-month high while the SET pared gains at the end of the week but still closed higher for the third consecutive week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The SET entered consolidation mode after rising for several consecutive trading days. The Thai stock market surged early in the week, led by construction materials, real estate and retail stocks, boosted by expectations of Fed rate cuts and news regarding the progress of the Vayupak Fund. It then moved within a narrow range until midweek after rising for 7 consecutive trading days and having responded to positive factors for a while. The SET pared gains later due to domestic institutional investors’ sell-offs before MSCI Rebalance took effect on August 30. Technology stocks recorded the steepest drop, pressured by the weaker-than-expected performance results of a US big tech company. However, the SET rebounded somewhat at the end of the week in line with regional stock markets, boosted by better-than-expected US GDP report for 2Q-2024.On Friday, August 30, 2024, the SET closed at 1,359.07 points, up 0.31% over-week. The average daily trading value was THB45,890.75 million, down 9.22% over-week. The mai closed at 327.47 points, down 0.59% over-week. September 2-6, 2024, KSecurities expects the SET to have support at 1,340 and 1,330 points, but resistance at 1,375 and 1,385 points, respectively. KResearch views that key matters to watch include Thailand’s August Inflation, domestic political issues, and foreign fund flows. The US economic data that warrant close monitoring include August ISM/PMI, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to August PMI of Japan, China, Eurozone and UK, and Eurozone’s GDP report for 2Q-2024 and July PPI. 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