8 Jul 2024 Financial Markets The Baht strengthened while the SET closed above 1,300 points at the end of the week. คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET tumbled early in the week amid concerns about domestic political issues, but closed above 1,300 points at the end of the week. The Thai stock market moved within a narrow range amid thin transaction volume on July 1, the first day of implementing the uptick rule, before dropping below 1,300 points, as pressured by concerns about domestic political issues. The said negative factor caused sell-offs across all sectors, led by technology, finance and real estate. However, the SET gradually rebounded from midweek in line with other stock markets, as the Fed Chairman said that the Fed has made progress on inflation, but still needs more confidence before cutting rates. Additionally, the SET was boosted by purchases of stocks in various sectors, especially banking stocks before the release of performance results for 2Q-2024, plus news regarding the progress of domestic economic stimulus measures. Nonetheless, foreign investors’ sell-offs eased somewhat this week. • On Friday, July 5, 2024, the SET closed at 1,311.99 points, up 0.85% over-week. The average daily trading value was THB31,665.77 million, down 21.65% over-week. The mai closed at 351.66 points, down 1.07% over-week. • July 8-12, 2024, KSecurities expects the SET to have support at 1,300 and 1,290 points, but resistance at 1,325 and 1,335 points, respectively. KResearch views that key matters to watch include Fed Chairman’s semiannual testimony on monetary policy to Congress, the gradual release of Thai listed companies’ performance results for 2Q-2024, domestic political issues and foreign fund flows. The US economic data that warrant close monitoring include June CPI and PPI, plus Weekly Jobless Claims. Close attention must also be paid to China’s June CPI and PPI, and Japan’s May Industrial Production and June 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