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29 Sep 2025

Financial Markets

The Baht weakened while the SET continued to drop over-week

คะแนนเฉลี่ย
• The Thai stock market fluctuated before plummeting at the end of the week. 
The SET tumbled early in the week after having responded to domestic political clarity and the Fed’s policy rate cut, along with the lack of new supporting factors. This led investors to take profits in individual stocks, especially those in the energy sector, which faced additional pressure from falling global oil prices amid concerns about oversupply. However, the SET rebounded around midweek following news of the new government’s special cabinet meeting, sparking expectations of economic stimulus measures. This prompted buying across various sectors, led by retail, banking, and finance. 
The SET declined again towards the end of the week, in line with other regional bourses, after the US announced a fresh round of tariffs on pharmaceuticals, trucks, and furniture, effective from October 1. Additionally, the Thai stock market faced further pressure after Fitch Ratings downgraded Thailand’s credit rating outlook to “negative”. 

 • On Friday, September 26 2025, the SET closed at 1,278.74 points, down 1.08% over-week. The average daily trading value was THB36,380.31 million, down 18.70% over-week. The mai closed at 250.72 points, down 1.86% over-week. 
• September 29 – October 3, 2025, KSecurities expects the SET to have support at 1,270 and 1,245 points, but resistance at 1,300 and 1,315 points, respectively. KResearch advises investors to watch key factors, including the delivery of a key policy statement of Thailand’s new government to parliament, Fed officials’ remarks, and foreign fund flows. The US economic data that warrant close monitoring include September Manufacturing and Services PMI/ISM, ADP Employment Report, Non-farm Payrolls, Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to Eurozone’s September CPI and August PPI, September Manufacturing and Service PMI of Eurozone, Japan and China, plus Japan’s August Retail Sales and Industrial Production.

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Financial Markets