20 May 2024 Financial Markets The Baht strengthened while the SET rose for a fourth straight week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET rose for a fourth straight week despite fluctuations seen during the week. The Thai stock market moved within a narrow range early in the week due to the lack of new supporting factors. It then dropped around midweek following foreign investors’ sell-offs, especially retail and energy stocks due to the disappointing 1Q-24 performance results, and the fact that large-cap real estate and finance stocks, which were excluded from the MSCI (effective May 31, 2024). The announcement of new import tariffs on Chinese products by US also put pressure on the SET. However, the SET recovered later along with other stock markets amid hopes that the Fed would cut interest rates in September, after the release of slower-than-expected growth in the US CPI for April. The SET rose further at the end of the week, boosted by electronics manufacturing stocks due to several specific factors. On Friday, May 17, 2024, the SET closed at 1,382.68 points, up 0.79% over-week. The average daily trading value was THB45,979.55 million, up 14.73% over-week. The mai closed at 384.27 points, down 0.49% over-week. • May 20-24, 2024, KSecurities expects the SET to have support at 1,370 and 1,360 points, but resistance at 1,390 and 1,400 points, respectively. KResearch views that key matters to watch include Thailand’s GDP report for 1Q-24, Fed officials’ remarks and foreign fund flows. The US economic data that warrant close monitoring include FOMC minutes, May Manufacturing and Services PMI (Flash), April New Home Sales, Existing Home Sales, and Durable Goods Orders. Close attention must also be paid to May Manufacturing and Services PMI (Flash) of the Eurozone, UK and Japan, China’s May LPR and Japan’s April Inflation. 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