21 Oct 2024 Financial Markets The Baht rose slightly while the SET surged on the MPC’s rate cut คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The SET hit its new highest level in more than a year at the end of the week. The Thai stock market dropped briefly early in the week amid sell-offs of energy stocks following falling global oil prices as OPEC lowered its growth forecast for 2024 and 2025 global oil demand. However, the SET surged around midweek after the BOT’s MPC surprised the market by reducing its policy rate by 0.25% to 2.25%. The said factor boosted the purchases of stocks that benefited from interest rate cuts, led by finance and real estate stocks. The SET continued to rise until the end of the week and hit its new highest level in more than a year at 1,506.82 points before paring gains somewhat following investors’ profit-taking momentum at the end of the week. The technology sector outperformed other sectors this week, as it was additionally boosted by specific factors besides the sentiment of the MPC’s rate cut. Nonetheless, domestic institutional investors remained net buyers. On Friday, October 18, 2024, the SET closed at 1,489.82 points, up 1.34% over-week. The average daily trading value was THB66,749.09 million, up 26.30% over-week. The mai closed at 340.34 points, down 0.78% over-week. October 21-25, 2024, KSecurities expects the SET to have support at 1,475 and 1,450 points, but resistance at 1,510 and 1,525 points, respectively. KResearch views that key factors to watch include Thailand’s September Exports, remarks of Fed officials, Thai listed companies’ performance results for 3Q-2024 and foreign fund flows. The US economic data that warrant close monitoring include September Existing Home Sales, New Home Sales, Durable Goods Orders, October PMI (Flash), plus Weekly Jobless Claims. Close attention must also be paid to China’s October LPR, and October 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