15 Oct 2024 Financial Markets The Baht pared losses while the SET hit its highest level in more than a year at the end of the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET rose throughout the week amid institutional investors’ continued purchases. The Thai stock market rose from the beginning of the week amid institutional investors’ continued purchases, mainly driven by hopes towards investment funds of the Vayupak Fund. Such positive factor helped boost the purchases of various stocks. In addition, the Thai stock market and other regional stock markets were boosted by the expectations of Fed rate cut. The SET continued to rise until the end of the week, supported by the purchases of banking stocks and those of a major electronic component manufacturer before the release of 3Q-2024 performance results. The SET hit its highest level in more than a year (since early October 2023) at 1,482.02 points before paring gains somewhat as investors held off on trading before a long holiday. Nonetheless, foreign investors continued to sell Thai stocks for 13 consecutive trading days (from September 25 – October 11). • On Friday, October 11, 2024, the SET closed at 1,470.10 points, up 1.79% over-week. The average daily trading value was THB52,844.60 million, down 7.28% over-week. The mai closed at 343.00 points, down 0.16% over-week. • October 14-18, 2024, KSecurities expects the SET to have support at 1,455 and 1,445 points, but resistance at 1,475 and 1,495 points, respectively. KResearch views that key factors to watch include the BOT’s MPC meeting (October 16), remarks of Fed officials, Thai listed companies’ performance results for 3Q-2024 and foreign fund flows. The US economic data that warrant close monitoring include September Retail Sales, Industrial Production, Housing Starts, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming ECB meeting, Eurozone’s and Japan’s September CPI, Eurozone’s and Japan’s August Industrial Production, and China’s GDP report for 3Q-2024 and September economic data such as Retail Sales, Fixed Asset Investment and Industrial Production. 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