25 Sep 2023 Financial Markets The Baht continued to weaken while the SET dropped for three consecutive weeks คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market rebounded somewhat at the end of the week. The SET tumbled early to midweek in line with other stock markets amid negative factors such as the filing for bankruptcy protection in the US by another China’s leading property developer, concerns that the Fed would maintain high interest rates for a longer period, and continued sell-offs by foreign investors. Plus, investors still awaited details of the new government’s economic stimulus measures. However, the SET rebounded somewhat at the end of the week after having responded to the said negative factors. Banking stocks tumbled at the end of the week in contrast to other sectors, dragged by the news that a large commercial bank was downgraded to underweight. On Friday, September 22, 2023, the SET closed at 1,522.59 points, down 1.26% over-week. The average daily trading value was THB47,970.11 million, up 9.24% over-week. The mai closed at 471.50 points, down 0.80% over-week. September 25-29, 2023, KSecurities expects the SET to have support at 1,505 and 1,485 points, but resistance at 1,550 and 1,560 points, respectively. KResearch views that key matters to watch include the upcoming BOT’s MPC meeting (September 27), Thailand’s August Exports, foreign fund flows and issues regarding US government shutdown. The US economic data that warrant close monitoring include August New Home Sales, Durable Goods Orders, Personal Income and Outlays, PCE/Core PCE Price Index, GDP report for 2Q2023, plus Weekly Jobless Claims. Close attention must also be paid to China’s August Industrial Profits and Eurozone’s September CPI (Flash). 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