24 Jun 2024 Financial Markets The Baht strengthened while the SET rebounded and closed above 1,300 points at the end of the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET fluctuated but rebounded at the end of the week amid continued sell-offs of foreign investors. The Thai stock market tumbled below 1,300 points from the beginning of the week and hit its lowest level in more than 3 years and 7 months at 1,281.87 points during the week amid concerns about domestic political issues. The said negative factor caused profit-taking in all sectors, led by banking, which was also pressured by concerns over its performance outlook. However, the SET rebounded around midweek, boosted by purchases of energy stocks due to the rising global oil prices and technology stocks in line with their US peers. The SET rebounded and closed over 1,300 points again at the end of the week, boosted by the better-than-expected Thai export data in May, news regarding the launch of government’s economic stimulus measures and purchases of stocks before the Uptick Rule becomes effective on July 1, 2024. Nonetheless, foreign investors remained in a net selling position this week.• On Friday, June 21, 2024, the SET closed at 1,306.41 points, down 0.01% over-week. The average daily trading value was THB47,258.47 million, up 13.99% over-week. The mai closed at 352.60 points, down 0.93% over-week. • June 24-28, 2024, KSecurities expects the SET to have support at 1,295 and 1,280 points, but resistance at 1,315 and 1,330 points, respectively. KResearch views that key matters to watch include details of the government's measures, aimed at stimulating the economy and stock market, Fed officials’ remarks, domestic political issues and foreign fund flows. The US economic data that warrant close monitoring include May New Home Sales, Durable Goods Orders, Personal Income and Outlays, and PCE/Core PCE Price Index, GDP report for 1Q-2024, plus Weekly Jobless Claims. Close attention must also be paid to China’s May Industrial Profits, Japan’s May Retail Sales and Industrial Production, plus Eurozone’s June Consumer Confidence and Consumer Inflation Expectations. 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