5 Feb 2024 Financial Markets The Baht strengthened in line with the rebound in the SET at the end of the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market regained after fluctuating early in the week. The SET surged early in the week on the news regarding the signing of a permanent mutual visa exemption deal between Thailand and China before dropping around midweek due to investors’ sell-offs ahead of the FOMC meeting. Negative factors that put pressure on the SET included the China NBS Manufacturing PMI (remained below 50, which indicates a contraction in the manufacturing sector), concerns over domestic political issues and the report that the Bank of Thailand may cut its GDP growth forecast for the Thai economy. However, the SET recovered during the remainder of the week along with foreign investors’ purchases after the Fed held interest rates steady at 5.25-5.50% as expected. The Thai bourse was also boosted by repurchases of Thai stocks, especially those in the financial, technology and energy sectors. On Friday, February 2, 2024, the SET closed at 1,384.08 points, up 1.16% over-week. The average daily trading value was THB43,617.53 million, down 10.41% over-week. The mai closed at 409.01 points, up 0.05% over-week. February 5-9, 2024, KSecurities expects the SET to have support at 1,375 and 1,360 points, but resistance at 1,400 and 1,415 points, respectively. KResearch views that key matters to watch include the upcoming BOT’s MPC meeting (Feb 7), foreign fund flows and listed companies’ performance results for 4Q-2023. The US economic data that warrant close monitoring include December Exports and Imports, January Services ISM/PMI, plus Weekly Jobless Claims. Close attention must also be paid to January Services PMI of China, Japan, Eurozone and UK, plus China’s January CPI and 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