16 Sep 2024 Financial Markets The Baht hit a new 19-month high while the SET closed slightly lower than the last week level คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET dropped early to mid-week but recovered somewhat during the remainder of the week. The Thai stock market dropped early to mid-week due to profit-taking sell-offs after investors have responded to domestic positive factors like the formation of a new government and the Vayupak Fund for a while. Energy stocks led losses, pressured by falling global oil prices after OPEC downwardly revised its growth forecast for global oil demand in 2024 and 2025. The SET recovered somewhat during the remainder of the week amid foreign investors’ purchases in line with the rebound seen in other Asian stock markets on expectations of Fed rate cut next week. The SET was mainly boosted by banking, finance and technology stocks. However, the gains were capped at the end of the week as investors waited for the outcome of FOMC meeting, details on the government's economic stimulus policy, and the flood situation in northern Thailand. • On Friday, September 13, 2024, the SET closed at 1,424.39 points, down 0.23% over-week. The average daily trading value was THB65,359.92 million, up 7.61% over-week. The mai closed at 351.58 points, up 2.01% over-week. • September 16-20, 2024, KSecurities expects the SET to have support at 1,410 and 1,400 points, but resistance at 1,440 and 1,450 points, respectively. KResearch views that key matters to watch include the upcoming FOMC meeting (September 17-18) and foreign fund flows. The US economic data that warrant close monitoring include August Retail Sales, Industrial Production, Housing Starts, Existing Home Sales, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOE and BOJ meetings, August CPI of UK, Eurozone and Japan, plus China’s September LPR. 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