19 Feb 2024 Financial Markets The Baht fell further while the SET dropped slightly after moving within a narrow range throughout the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market moved within a narrow range almost throughout the week amid thin transaction volume.The SET moved within a narrow range early in the week amid thin transaction volume, while several Asian stock markets closed for the Chinese New Year holiday. The SET was boosted early in the week by the Stock Exchange of Thailand’s signals to enhance the oversight of short selling and program trading. However, the SET tumbled around midweek following foreign investors’ sell-offs, after the US inflation in January 2024 came out higher than market expected, leading investors to anticipate that the Fed would wait longer to reduce rates. In addition, sell-offs of electronic components stocks due to the disappointing 4Q-23 performance of an electronic components manufacturer also put pressure on the SET. The SET continued to move within a narrow range during the remainder of the week. Although it was boosted by purchases of large-cap stocks across various sectors, especially the retail sector, the recovery was limited as investors awaited Thailand’s 4Q-23 GDP that is scheduled to be announced early next week. On Friday, February 16, 2024, the SET closed at 1,386.27 points, down 0.15% over-week. The average daily trading value was THB36,085.91 million, down 14.02% over-week. The mai closed at 418.19 points, up 0.46% over-week. February 19-23, 2024, KSecurities expects the SET to have support at 1,370 and 1,355 points, but resistance at 1,400 and 1,410 points, respectively. KResearch views that key matters to watch include Thailand’s GDP report for 4Q-23 and foreign fund flows. The US economic data that warrant close monitoring include FOMC minutes, January Existing Home Sales, February PMI (Flash), plus Weekly Jobless Claims. Close attention must also be paid to February PMI (Flash) of Japan, Eurozone and UK, Eurozone’s January CPI (Flash), plus China’s February 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