28 Aug 2023 Financial Markets The Baht strengthened while the SET surged over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market rose throughout the week amid hopes towards the formation of a new government. During the week, the parliament elected Thailand’s new prime minister, resulting in the purchase of stocks in all sectors, especially the finance sector on expected benefits from the government’s measures. Meanwhile, foreign investors resumed net purchases of Thai stocks after recording net sales for several consecutive weeks. However, the gains were capped at the end of the week after having responded to domestic political issues, and regional stock markets that fell ahead of Fed Chairman’s speech at Jackson Hole Economic Policy Symposium. On Friday, August 25, 2023, the SET closed at 1,560.20 points, up 2.70% over-week. The average daily trading value was THB62,794.95 million, up 15.25% over-week. The mai closed at 487.29 points, up 6.24% over-week. August 28 – September 1, 2023, KSecurities expects the SET to have support at 1,540 and 1,515 points, but resistance at 1,565 and 1,580 points, respectively. KResearch views that key matters to watch include domestic political issues and foreign fund flows. The US economic data that warrant close monitoring include August ADP Employment Report, Non-farm Payrolls, Unemployment Rate and Manufacturing ISM/PMI, July Personal Income and Outlays and PCE/Core PCE Price Index, plus GDP report for 2Q2023. Close attention must also be paid to Eurozone’s August CPI (Flash), and August Manufacturing PMI of Japan, China and Eurozone. 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