26 Aug 2024 Financial Markets The Baht hit a 13-month high while the SET rose for the second consecutive week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The SET rose throughout the week, boosted by positive domestic factors. The Thai stock market surged from the beginning of the week, boosted primarily by the better-than-expected Thailand’s GDP report for 2Q-2024, which expanded by 2.3%YoY. Meanwhile, investors were less concerned about domestic political issues and shifted their focus to economic stimulus measures to be implemented by the new government. These positive factors boosted the purchases of stocks across all sectors, especially finance, banking and retail stocks. In addition, the SET was boosted by expectations of Fed rate cuts. The SET continued to surge towards the end of the week with continued buying of various stocks, especially those in the banking sector. Banking stocks were boosted by the MPC’s decision to maintain the policy rate at its latest meeting and the announcement of dividend payments. Nonetheless, foreign investors resumed selling Thai stocks after net buying of Thai stocks for two consecutive weeks. On Friday, August 23, 2024, the SET closed at 1,354.87 points, up 3.98% over-week. The average daily trading value was THB50,552.34 million, up 18.24% over-week. The mai closed at 329.40 points, up 4.02% over-week. August 26-30, 2024, KSecurities expects the SET to have support at 1,340 and 1,330 points, but resistance at 1,365 and 1,375 points, respectively. KResearch views that key matters to watch include Thailand’s July Exports, domestic political issues, and foreign fund flows. The US economic data that warrant close monitoring include July Durable Goods Orders, Personal Income and Outlays, PCE/Core PCE Price Index, GDP report for 2Q-2024, plus Weekly Jobless Claims. Close attention must also be paid to China’s July Industrial Profits, Eurozone’s August CPI and Japan’s July Retail Sales. 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