28 Oct 2024 Financial Markets The Baht weakened while the SET dropped almost throughout the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET faced sell-offs after surging for two consecutive weeks. After surging in the previous weeks, the Thai stock market moved within a narrow range at the start of this week before dropping later on, following the sell-offs of foreign investors and domestic institutional investors. In addition, the drop in the SET during the week was in line with other stock markets amid expectations that the Fed is in no hurry to cut rates and uncertainties surrounding the US presidential election on November 5, 2024. However, the SET rebounded somewhat at the end of the week, boosted by the purchases of stocks of a major electronics component manufacturer on expectations of 3Q-2024 performance results. The technology sector outperformed other sectors due to the said factor. Nonetheless, the transaction volume was thin this week due to the lack of new supporting factors. • On Friday, October 25, 2024, the SET closed at 1,463.42 points, down 1.77% over-week. The average daily trading value was THB48,619.45 million, down 27.16% over-week. The mai closed at 337.11 points, down 0.95% over-week. • October 28 – November 1, 2024, KSecurities expects the SET to have support at 1,450 and 1,435 points, but resistance at 1,475 and 1,490 points, respectively. KResearch views that key factors to watch include Thai listed companies’ performance results for 3Q-2024 and foreign fund flows. The US economic data that warrant close monitoring include GDP report for 3Q-2024, October ADP Employment Report, Non-farm Payrolls, Manufacturing ISM/PMI, September Personal Income and Outlays, PCE/Core PCE Price Index, plus Weekly Jobless Claims. Close attention must also be paid to Eurozone’s GDP report for 3Q-2024 and CPI (Flash), BOJ meeting, plus October Manufacturing PMI of Japan, China and UK. 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