26 Jun 2023 Financial Markets The Baht tumbled to break the THB35.00/USD level while the SET dropped sharply over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market fell throughout the week and closed at its lowest level in nearly 2 years and 4 months amid various negative factors. Since the beginning of the week, the SET was pressured by specific issues seen in a wire and cable manufacturer, sell-offs of stocks of a major electronics manufacturing company as it triggered market surveillance measures Level 1: Excluded from credit limit and cash balance, plus concerns about uncertainties surrounding domestic political issues. The SET fell further at the end of the week along with other stock markets, after the Fed Chairman reiterated rate hikes later this year to curb inflation. On Friday, June 23, 2023, the SET closed at 1,505.52 points, down 3.45% over-week. The average daily trading value was THB40,473.82 million, down 6.38% over-week. The mai closed at 463.22 points, down 3.64% over-week. June 26-30, 2023, KSecurities expects the SET to have support at 1,490 and 1,475 points, but resistance at 1,520 and 1,545 points, respectively. KResearch views that key matters to watch include Thailand’s May Exports, Fed officials’ remarks, foreign fund flows, and domestic political issues. The US economic data that warrant close monitoring include May Durable Goods Orders, New Home Sales, Personal Income and Outlays, PCE/Core PCE Price Indices, plus GDP report for 1Q2023. Close attention must also be paid to Eurozone’s June CPI (Flash), plus China’s May Industrial Profits and June PMI. 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