29 Jan 2024 Financial Markets The Baht weakened while the SET dropped for the third consecutive week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market moved within a volatile rage and continued to drop over-week. The SET tumbled early in the week and hit its lowest point in nearly 3 years and 3 months at 1,352.48 points. It faced continued selling pressure from foreign investors, especially banking stocks as 4Q-2023 performance results came out lower than expected. In addition, the FPO trimmed Thailand’s GDP growth forecast for 2023 and 2024, which also put pressure on the SET. The SET rebounded briefly around midweek, boosted by the news regarding Chinese authorities’ consideration of a stock stabilization fund and economic stimulus measures, as well as domestic political issue. However, the SET tumbled again during the rest of the week amid sell-offs of electronic component stocks due to concerns about performance results and risk reduction ahead of the FOMC meeting next week (January 30-31). On Friday, January 26, 2024, the SET closed at 1,368.15 points, down 1.04% over-week. The average daily trading value was THB48,684.85 million, up 6.22% over-week. The mai closed at 408.82 points, down 0.89% over-week.January 29 – February 2, 2024, KSecurities expects the SET to have support at 1,360 and 1,350 points, but resistance at 1,380 and 1,390 points, respectively. KResearch views that key matters to watch include the upcoming FOMC meeting (January 30-31), foreign fund flows and the listed companies’ performance results for 4Q-2023. The US economic data that warrant close monitoring include January ADP Employment Report, Non-farm Payrolls, Unemployment Rate and Manufacturing ISM/PMI, plus Weekly Jobless Claims. Close attention must also be paid to Eurozone’s GDP report for 4Q-2023, January CPI, and January Manufacturing PMI of China, Japan, Eurozone 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