12 Feb 2024 Financial Markets The Baht hit a 2-1/2 month low while the SET rose over-week despite volatility seen during the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market briefly rose over 1,400 points around midweek before dropping during the rest of the week.The SET gradually surged ahead of the BOT’s MPC meeting, boosted by purchases of stocks in various sectors, particularly the tourism and retail sectors, as they are expected to be benefited from the recovery in tourism, plus stocks in the energy sector amid the rising global oil prices. The SET continued to rise above 1,400 points around midweek after the MPC voted 5:2 to maintain its policy rate and lower its economic growth forecast for 2024, causing the market participants to see more chance of easing monetary policy. However, the SET dropped during the remainder of the week amid sell-offs of foreign investors, with profit-taking seen in big cap stocks across various sectors. The trading volume was thin at the end of the week, which coincided with the closure of some Asian stock markets during the Chinese New Year holiday. On Friday, February 9, 2024, the SET closed at 1,388.37 points, up 0.31% over-week. The average daily trading value was THB41,972.37 million, down 3.77% over-week. The mai closed at 416.29 points, up 1.78% over-week. February 12-16, 2024, KSecurities expects the SET to have support at 1,380 and 1,370 points, but resistance at 1,400 and 1,415 points, respectively. KResearch views that key matters to watch include foreign fund flows and listed companies’ performance results for 4Q-23. The US economic data that warrant close monitoring include January CPI, PPI, Retail Sales, Industrial Production and Housing Starts, plus Weekly Jobless Claims. Close attention must also be paid to 4Q-23 GDP reports of Eurozone, Japan and UK, plus December Industrial Production of Eurozone, Japan and UK. 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