13 Aug 2024 Financial Markets The Baht extended gains while the SET rebounded somewhat after hitting its lowest level in 3 years and 9 months คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET tumbled early in the week before recovering somewhat at the end of the week. The Thai stock market dropped nearly 40 points and hit its lowest point in 3 years and 9 months at 1,273.17 points early in the week in line with foreign stock markets, which dropped on concerns about the US economic outlook due to the weaker-than-expected US labor market data. This negative factor caused sell-offs of stocks across all sectors. The SET began to gradually recover around mid-week in line with other regional stock markets, as investors were less concerned over the US economic outlook, after Fed officials expressed that the US is not headed for recession. Moreover, the SET was boosted by purchases of several stocks, especially those in the telecommunication sector on the better-than-expected performance results and dividend announcement, and in the energy sector amid rising global oil prices. However, the SET’s gains were capped at the end of the week due to the long weekend while investors were still closely monitoring domestic political issues next week. • On Friday, August 9, 2024, the SET closed at 1,297.07 points, down 1.22% over-week. The average daily trading value was THB43,273.51 million, up 8.27% over-week. The mai closed at 312.00 points, down 3.27% over-week. • August 12-16, 2024, KSecurities expects the SET to have support at 1,290 and 1,280 points, but resistance at 1,310 and 1,320 points, respectively. KResearch views that key matters to watch include Fed officials’ remarks, domestic political issues, Thai listed companies’ performance results for 2Q-2024, and foreign fund flows. The US economic data that warrant close monitoring include July PPI, CPI, Retail Sales, and Housing Starts, plus Weekly Jobless Claims. Close attention must also be paid to GDP report for Q2-2024 of Eurozone, UK and Japan, June Industrial Production of Eurozone and Japan, plus China’s July economic data such as Retail Sales, Industrial Production and Fixed Asset Investment. 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