4 Jun 2024 Financial Markets The Baht weakened while the SET continued to drop on sell-offs by foreign investors คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The SET dropped for second consecutive weeks on foreign investors’ sell-offs. The Thai stock market moved within a narrow range early in the week as there were no new supporting factors, before tumbling from mid-to-the end of week in line with other stock markets amid concerns that the Fed would hold rates higher for longer. In addition, the SET was pressured by sell-offs before the MSCI rebalance at the end of the month and concerns about domestic political issues. The said negative factors caused profit-taking in various sectors, led by real estate, construction materials, technology and retail. The SET continued to face sell-offs at the end of week, led by finance, energy and real estate stocks. Foreign investors remained net sellers this week. On Friday, May 31, 2024, the SET closed at 1,345.66 points, down 1.38% over-week. The average daily trading value was THB46,273.63 million, up 12.45% over-week. The mai closed at 379.92 points, down 0.56% over-week. June 3-7, 2024, KSecurities expects the SET to have support at 1,335 and 1,320 points, but resistance at 1,355 and 1,370 points, respectively. KResearch views that key matters to watch include Thailand’s May Exports and foreign fund flows. The US economic data that warrant close monitoring include April Exports and Imports, May Manufacturing and Services PMI/ISM, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming ECB meeting, Eurozone’s GDP report for 1Q-2024, May PMI of Eurozone, Japan and China, plus China’s May Exports and Imports. 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