31 Jul 2023 Financial Markets The Baht rebounded strongly, while the SET rose after the outcome of FOMC meeting คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market surged before a long weekend. The SET moved within a narrow range almost throughout the week while closely monitoring domestic political situation and the outcome of FOMC meeting. In addition, the SET faced heavy sell-offs by foreign investors, especially banking stocks, following their poor earnings results for 2Q2023. However, the SET surged at the end of the week before a long domestic holiday in line with other stock markets, boosted by the hopes that the Fed is close to end of its rate hike cycle, although the Fed raised interest rates as expected on July 25-26 and signaled for another rate hike. On Friday, July 27, 2023, the SET closed at 1,543.27 points, up 0.92% over-week. The average daily trading value was THB49,269.33 million, up 2.97% over-week. The mai closed at 466.03 points, up 0.68% over-week. July 31 – August 4, 2023, KSecurities expects the SET to have support at 1,520 and 1,500 points, but resistance at 1,555 and 1,570 points, respectively. KResearch views that key matters to watch include the upcoming MPC meeting (August 4), foreign fund flows, domestic political issues, and Thai listed companies’ performance results for 2Q2023. The US economic data that warrant close monitoring include July PMI, ADP Employment Report, Nonfarm Payrolls, and Unemployment Rate. Close attention must also be paid to Eurozone’s GDP report for 2Q2023, July CPI (Flash) and June PPI, plus July PMI of China, Japan and Eurozone. 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