4 Dec 2023 Financial Markets The Baht pared gains somewhat after hitting its 4-month high while the SET continued to drop over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market continued to drop over-week. The SET rose briefly early in the week on the falling US bond yields before gradually dropping during the rest of the week. The SET was dragged by negative factors, including concerns over Thailand’s economic outlook (after the BOT’s MPC cut Thailand’s GDP growth forecast for both this year and next year although the policy rate was kept steady at 2.5%), and MSCI rebalancing that took effect on November 30, plus net selling of foreign investors. In addition, the continued sell-offs of stocks of an airport business operator also put pressure on the SET this week. On Friday, December 1, 2023, the SET closed at 1,380.31 points, down 1.23% over-week. The average daily trading value was THB47,744.16 million, up 30.39% over-week. The mai closed at 397.61 points, down 0.64% over-week. December 4-8, 2023, KSecurities expects the SET to have support at 1,375 and 1,360 points, but resistance at 1,400 and 1,410 points, respectively. KResearch views that key matters to watch include Thailand’s November CPI and foreign fund flows. The US economic data that warrant close monitoring include November Services ISM/PMI, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to November Services PMI of China, Japan and Eurozone, Eurozone’s and Japan’s GDP report for 3Q2023, plus China’s November 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