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6 Oct 2025

Financial Markets

The Baht weakened but the SET index rose over week

คะแนนเฉลี่ย
• The Thai stock market fluctuated before rebounding to close higher at the end of the week. 
The SET Index rose early in the week, in line with other regional equity markets, after US PCE/Core PCE inflation data came out in line with market expectations, supporting prospects of a Fed rate cut. Additional support came from expectations of domestic economic stimulus measures. However, the SET Index later fell on selling in large-cap stocks, led by electronics component producers due to company-specific factors, as well as energy stocks and banking shares following Fitch’s downgrade of some banks’ outlook. 
The SET Index then moved within a narrow range midweek as investors awaited developments of the US government shutdown, before rebounding again later in the week in line with other regional bourses, driven by expectations of a Fed rate cut on the back of weaker-than-expected US private-sector employment data for September. The SET Index was also boosted by the rebound seen in electronics component stocks, following gains in US technology shares. 
 • On Friday, October 3, 2025, the SET closed at 1,293.61 points, up 1.16% over-week. The average daily trading value was THB38,769.39 million, up 6.56% over-week. The mai closed at 246.19 points, down 1.81% over-week. 
• October 6-10, 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 outcome of the MPC meeting on October 8, Thailand’s CPI data for September, the US government shutdown situation, statements from the Fed Chair and officials, foreign capital flows, as well as the minutes of the FOMC meeting. Other important overseas economic indicators include Eurozone retail sales for August and Japan’s PPI for September.

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Financial Markets