18 Nov 2024 Financial Markets The Baht fell further while the SET dropped sharply over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market dropped amid various negative factors at home and abroad. The SET fell almost throughout the week amid various negative factors such as concerns towards the impact of various US policies under the leadership of Donald Trump (after being elected as the new US president), domestic political issues, profit-taking during the final stretch of the 3Q-2024 earnings announcement, and the Fed Chairman's statement indicating that there is no need for the Fed to rush rate cuts. The drop in the SET was also in line with the overall regional stock markets. However, the SET rose briefly around midweek, mainly driven by the relatively good performance of sectors that rely on domestic spending. On Friday, November 15, 2024, the SET closed at 1,442.63 points, down 1.51% over-week. The average daily trading value was THB47,329.63 million, up 2.97% over-week. The mai closed at 321.61 points, down 4.20% over-week. November 18-22, 2024, KSecurities expects the SET to have support at 1,430 and 1,415 points, but resistance at 1,460 and 1,470 points, respectively. KResearch advises investors to watch key factors, including Thailand’s GDP report for 3Q-2024 (November 18), Fed officials’ remarks and foreign fund flows. The US economic data that warrant close monitoring include October Housing Starts, Existing Home Sales, November Manufacturing and Services PMI (Flash), plus Weekly Jobless Claims. Close attention must also be paid to Eurozone’s and Japan’s October CPI, China’s November LPR, plus Manufacturing and Services PMI (Flash) of Japan, Eurozone 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