19 Aug 2024 Financial Markets The Baht hit its 7-month high while the SET rebounded to above 1,300 points at the end of the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The SET tumbled around midweek due to domestic political factor before recovering at the end of the week. The Thai stock market moved within a narrow range early in the week before dropping around midweek amid sell-offs of domestic institutional investors after the Thai Constitutional Court removed the Prime Minister from office. Investors were concerned about domestic political issues and sold stocks across all sectors, especially retail stocks due to concerns that domestic economic stimulus measures may be changed or delayed. However, the SET recovered at the end of the week in line with other regional stock markets, as investors were less concerned over the US economic outlook, after US economic data came out better than expected. The vote for new prime minister that went well also boosted the SET, causing purchases of stocks across all sectors, particularly banking and finance stocks. On Friday, August 16, 2024, the SET closed at 1,303.00 points, up 0.46% over-week. The average daily trading value was THB42,752.59 million, down 1.20% over-week. The mai closed at 316.67 points, up 1.50% over-week. August 19-23, 2024, KSecurities expects the SET to have support at 1,290 and 1,280 points, but resistance at 1,310 and 1,330 points, respectively. KResearch views that key matters to watch include Thailand’s GDP report for 2Q-2024, the BOT’s MPC meeting, Fed Chairman’s speech at its annual central banking conference in Jackson Hole and other Fed officials’ remarks, domestic political issues, and foreign fund flows. The US economic data that warrant close monitoring include FOMC minutes, August PMI, July Existing Home Sales and New Home Sales, plus Weekly Jobless Claims. Close attention must also be paid to China’s August LPR, Eurozone’s and Japan’s July CPI, plus August PMI 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