29 May 2023 Financial Markets The Baht continued to weaken while the SET rose over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market rose over-week despite paring gains somewhat at the end of the week. The SET surged early in the week due to the stock buyback after having fallen sharply earlier. Additionally, investors were less concerned about domestic political issues, as the MOU to form a coalition government became clearer. Banking stocks outperformed other stocks on the likelihood that the MPC will raise its policy at the meeting scheduled for May 31. However, the SET pared gains at the end of the week as investors shifted their focus to domestic political issues and US debt ceiling talks. In addition, energy stocks dropped in line with the falling global oil prices, following the news of no further output cuts agreed by OPEC+ at its upcoming meeting. On Friday, May 26, 2023, the SET closed at 1,530.84 points, up 1.05% over-week. The average daily trading value was THB47,456.70 million, down 15.57% over-week. The mai closed at 484.38 points, up 0.75% over-week. May 29 – June 2, 2023, KSecurities expects the SET to have support at 1,520 and 1,500 points, but resistance at 1,545 and 1,555 points, respectively. KResearch views that key matters to watch include the BOT’s MPC meeting (May 31), foreign fund flows, US debt ceiling issues, and domestic political issues. The US economic data that warrant close monitoring include May ADP Employment Report, Non-farm Payrolls, Unemployment Rate, Manufacturing PMI. Close attention must also be paid to May Manufacturing PMI of China, Japan and Eurozone, plus Eurozone’s May CPI (Flash). 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