4 Mar 2024 Financial Markets The Baht moved within a tight range while the SET fell sharply from the previous week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market fell throughout the week amid the sell-offs of foreign investors. The SET dropped from the beginning of the week due to the lack of new supporting factors and foreign investors’ sell-offs, especially in electronic components stocks (which reported disappointing 4Q-23 performance results) and power plant stocks (on concern that the government would try to control electricity prices). The SET continued to drop until the end of the week amid sell-offs of large-cap stocks across various sectors in contrary to the rise of other stock markets, as it was weighed by the MSCI Rebalance that took effect on February 29, 2024 and the profit-taking after the end of the 4Q-23 earnings announcement period. On Friday, March 1, 2024, the SET closed at 1,367.42 points, down 2.20% over-week. The average daily trading value was THB58,557.37 million, up 23.55% over-week. The mai closed at 413.24 points, down 2.01% over-week. March 4-8, 2024, KSecurities expects the SET to have support at 1,360 and 1,350 points, but resistance at 1,375 and 1,385 points, respectively. KResearch views that key matters to watch include Thailand’s February CPI, Fed officials’ remarks and foreign fund flows. The US economic data that warrant close monitoring include February Services ISM/PMI, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming ECB meeting, February Services PMI of Japan, China, Eurozone and UK, Eurozone’s GDP report for 4Q-23, plus China’s Exports for January-February. 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