10 Jun 2024 Financial Markets The Baht rose while the SET hit its lowest level in more than three and a half years during the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET hit its lowest point in more than 3 and a half years before rebounding somewhat at the end of week.The Thai stock market dropped in contrast to other regional stock markets this week. The SET continued to face foreign investors’ sell-offs for three consecutive weeks amid concerns about uncertainty surrounding domestic political issues, including the potential delay in the implementation of domestic economic stimulus measures. Said negative factors caused profit-taking in various sectors, led by energy, finance, banking and real estate. However, the technology sector rose in contrast to other sectors due to specific supporting factors. The SET hit its lowest level t in more than 3 and a half years at 1,325.71 points during the week before rebounding somewhat at the end of the week. However, the gain was capped as investors remained cautious ahead of the FOMC meeting and the BOT’s MPC meeting slated for next week. On Friday, June 7, 2024, the SET closed at 1,332.74 points, down 0.96% over-week. The average daily trading value was THB42,637.72 million, down 7.86% over-week. The mai closed at 368.08 points, down 3.12% over-week. • June 10-14, 2024, KSecurities expects the SET to have support at 1,325 and 1,310 points, but resistance at 1,345 and 1,360 points, respectively. KResearch views that key matters to watch include the FOMC meeting (11-12 June), the BOT’s MPC meeting (12 June) and foreign fund flows. The US economic data that warrant close monitoring include May CPI and PPI, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOJ meeting, Japan’s GDP report for 1Q-2024, Eurozone’s April Industrial Production, plus China’s May 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