30 Jul 2024 Financial Markets The Baht rose while the SET rebounded to above 1,300 points at the end of the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET dropped almost throughout the week amid domestic institutional investors’ sell-offs, but recovered somewhat at the end of the week. The Thai stock market tumbled from the beginning of the week and dropped below 1,300 points amid domestic institutional investors’ sell-offs, especially finance stocks amid concerns about their performance results for 2Q-2024 after the banking sector reported high expected credit loss, and energy stocks due to the falling global oil prices. In addition, domestic political issues, which need to be monitored continuously, and disappointing regional and US stock markets (after large tech companies reported lower than expected performance results) put pressure on the SET during the week. However, the SET recovered somewhat and rebounded to above 1,300 points at the end of the week, in line with other regional stock markets, boosted by the Ministry of Finance’s upward revision of Thai GDP growth forecast from 2.4% to 2.7%. • On Friday, July 26, 2024, the SET closed at 1,307.21 points, down 0.75% over-week. The average daily trading value was THB36,084.27 million, down 9.25% over-week. The mai closed at 328.18 points, down 2.56% over-week. • July 29 – August 2, 2024, KSecurities expects the SET to have support at 1,290 and 1,280 points, but resistance at 1,315 and 1,325 points, respectively. KResearch views that key matters to watch include FOMC meeting (July 30-31), Thai listed companies’ performance results for 2Q-2024, and foreign fund flows. The US economic data that warrant close monitoring include July Manufacturing PMI, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to the Upcoming BOJ meeting, Eurozone’s GDP report for 2Q-2024 and July CPI (Flash), plus July 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