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8 Sep 2025

Financial Markets

The Baht and the SET both rose over-week

คะแนนเฉลี่ย
• The SET rose on expectations of domestic political clarity. 
        The SET surged early in the week as investors became less concerned about domestic political issues (following the Constitutional Court’s ruling to dismiss suspended Prime Minister Paetongtarn Shinawatra from office) and anticipated clarity on the formation of a new government within a short period of time. This sparked buying interest in large-cap stocks across various sectors, led by finance, retail, energy, and petrochemicals, which also benefited from sector-specific positive factors. 
        However, the SET briefly declined during the week due to profit-taking by foreign investors, especially in technology stocks. It then rebounded towards the end of the week in line with other bourses, supported by expectations of a Fed rate cut at its September meeting, amid signs of weakness in the US labor market. Additionally, the vote for a new Thai Prime Minister at the end of the week helped boost the Thai stock market. 
• On Friday, September 5, 2025, the SET closed at 1,264.80 points, up 2.28% over-week. The average daily trading value was THB42,259.94 million, down 9.79% over-week. The mai closed at 252.34 points, up 1.40% over-week. 
• September 8-12, 2025, KSecurities expects the SET to have support at 1,240 and 1,225 points, but resistance at 1,270 and 1,285 points, respectively. KResearch advises investors to watch key factors, including Thailand’s domestic political issues, and foreign fund flows. The US economic data that warrant close monitoring include August CPI and PPI, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming ECB meeting, Japan’s GDP report for 2Q-2025 and PPI, Japan’s and UK’s July Industrial Production, plus China’s August economic data such as CPI and PPI.

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Financial Markets