6 Nov 2023 Financial Markets The Baht and the SET rose over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market closed above 1,400 points again. The SET moved within a narrow range early to mid-week amid sell-offs of foreign investors as there were no new supporting factors ahead of the FOMC meeting results and prolonged Israel-Hamas conflict. However, the SET rebounded during the remainder of the week after the Fed held interest rates steady as market anticipated. Market participants interpreted the Fed’s action as a signal towards the end of its rate hike cycle. As a result, stocks in all sectors closed higher this week, led by the finance and technology sectors (which were additionally boosted by the better-than-expected Q32023 performance results of a large electronics manufacturing company). On Friday, November 3, 2023, the SET closed at 1,419.76 points, up 2.27% over-week. The average daily trading value was THB40,508.75 million, down 10.39% over-week. The mai closed at 407.19 points, up 1.82% over-week. November 6-10, 2023, KSecurities expects the SET to have support at 1,400 and 1,385 points, but resistance at 1,430 and 1,450 points, respectively. KResearch views that key matters to watch include Thailand’s October CPI, foreign fund flows and listed companies’ performance results for 3Q2023. The US economic data that warrant close monitoring include September Imports and Exports, plus Weekly Jobless Claims. Close attention must also be paid to Japan’s and Eurozone’s October Services PMI, UK’s GDP report for 3Q2023, plus China’s October economic data such as 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