23 Jul 2024 Financial Markets The Baht weakened later in the week while the SET dropped on domestic institutional investors’ sell-offs คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET dropped almost throughout the week amid domestic institutional investors’ sell-offs. The Thai stock market dropped from the beginning of the week amid domestic institutional investors’ sell-offs, especially banking stocks due to concerns about the problem of a major energy and utility company, which may affect its serviceability. In addition, the SET tumbled early in the week in line with other regional stock markets, as China’s GDP report for 2Q-2024 came out weaker than market expected. Later, the SET rose briefly on purchases of foreign investors. However, the SET tumbled again at the end of the week, pressured by the sell-offs of banking stocks after the release of 2Q-2024 performance results and power plant stocks on concerns over the government’s electricity price cap. Additionally, investors adopted a wait-and-see mode over domestic political issues and Thai listed companies’ 2Q-2024 performance results. Nonetheless, technology stocks rose in the opposite direction of other sectors, boosted by the news of a strategic merger between a telecommunication company and an energy company. • On Friday, July 19, 2024, the SET closed at 1,317.14 points, down 1.12% over-week. The average daily trading value was THB39,763.9 million, up 9.34% over-week. The mai closed at 336.79 points, down 5.53% over-week. • July 22-26, 2024, KSecurities expects the SET to have support at 1,310 and 1,300 points, but resistance at 1,325 and 1,335 points, respectively. KResearch views that key matters to watch include Thailand’s June Exports, domestic political issues, Thai listed companies’ performance results for 2Q-2024, and foreign fund flows. The US economic data that warrant close monitoring include June Existing Home Sales, New Home Sales, Durable Goods Orders, Personal Income and Outlays, PCE/Core PCE Index, July Manufacturing/Services PMI (Flash), GDP report for 2Q-2024, plus Weekly Jobless Claims. Close attention must also be paid to China’s July LPR and July Manufacturing/Services PMI (Flash) 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