17 Jul 2023 Financial Markets The Baht strengthened while the SET closed above 1,500 points again คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market closed above 1,500 points. The SET moved within a narrow range almost throughout the week pending the development of domestic politics before surging at the end the week despite domestic political issues after the first round of PM votes. Thai stock market and other stock markets were boosted by hopes that the Fed is close to end of its rate hike cycle after US June inflation came out slower than expected. In addition, the SET was supported by the purchases of large-cap stocks in energy, technology, and banking sectors before the release of their 2Q-2023 performances. On Friday, July 14, 2023, the SET closed at 1,517.92 points, up 1.84% over-week. The average daily trading value was THB40,927.00 million, up 4.10% over-week. The mai closed at 461.71 points, up 0.79% over-week. July 17-21, 2023, KSecurities expects the SET to have support at 1,505 and 1,485 points, but resistance at 1,535 and 1,545 points, respectively. KResearch views that key matters to watch include foreign fund flows, domestic political issues, and Thai listed companies’ performance results for 2Q-2023 especially those in the banking sector. The US economic data that warrant close monitoring include June Retail Sales, Industrial Production, Housing Starts and Existing Home Sales, plus Weekly Jobless Claims. Close attention must also be paid to Eurozone’s and Japan’s June Inflation, plus China’s GDP report for 2Q2023 and June economic data such as Industrial Production, Retail Sales 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