27 Feb 2024 Financial Markets The Baht moved within a narrow range while the SET still closed below 1,400 points คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The SET dropped early in the week as Thai GDP expanded only 1.7%YoY in 4Q-23 (1.9%YoY in 2023) while electronic components stocks faced sell-off due to their disappointing 4Q-23 performance results. However, the SET rebounded around midweek on the purchases of foreign investors, especially bank stocks following the news of a commercial bank’s dividend announcement. The SET then rose past 1,400 points, boosted by the news of the Stock Exchange of Thailand’s plans to implement measures, aimed at regulating short selling and program trading, plus those to improve information disclosure. However, the SET dropped below 1,400 points at the end of the week. Despite the boost from the better-than-expected Thai export data in January, it faced profit-taking pressure in large-cap stocks especially bank and finance stocks, which saw a strong rebound earlier. On Friday, February 23, 2024, the SET closed at 1,398.14 points, up 0.86% over-week. The average daily trading value was THB47,395.17 million, up 31.34% over-week. The mai closed at 421.72 points, up 0.84% over-week. February 26 – March 1, 2024, KSecurities expects the SET to have support at 1,385 and 1,375 points, but resistance at 1,410 and 1,420 points, respectively. KResearch views that key matters to watch include Fed officials’ remarks and foreign fund flows. The US economic data that warrant close monitoring include January New Home Sales, Durable Goods Orders, Personal Income and Outlays, PCE/Core PCE Price Indices, February Manufacturing ISM/PMI, GDP report for 4Q-23, plus Weekly Jobless Claims. Close attention must also be paid to February Manufacturing PMI of Japan, China, Eurozone and UK, Japan’s January CPI, plus Eurozone’s February CPI. 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