30 Oct 2023 Financial Markets The Baht rose slightly but the SET continued to drop over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The Thai stock market rebounded somewhat at the end of the week after dropping sharply during the week. Overall, the SET fell amid concerns about the unrest in Israel, rising US bond yields, Fed’s ‘higher for longer’ interest rate stance, plus the fact that domestic economic stimulus scheme has not reached a conclusion yet. However, the SET rebounded somewhat at the end of the week in line with other regional stock markets and on the back of repurchase of large-cap stocks. This week, the SET was mainly dragged by technology stocks in line with US technology stocks and banking stocks after the release of performance results for 3Q2023. On Friday, October 27, 2023, the SET closed at 1,388.23 points, down 0.79% over-week. The average daily trading value was THB45,203.82 million, down 4.69% over-week. The mai closed at 399.90 points, down 1.96% over-week. October 30 – November 3, 2023, KSecurities expects the SET to have support at 1,360 and 1,350 points, but resistance at 1,400 and 1,420 points, respectively. KResearch views that key matters to watch include the upcoming FOMC meeting (October 31 – November 1), foreign fund flows and listed companies’ performance results for 3Q2023. The US economic data that warrant close monitoring include October ADP Employment Report, Non-farm Payrolls, Unemployment, Manufacturing ISM/PMI, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOJ and BOE meetings, Eurozone’s GDP report for 3Q2023 and October CPI (Flash), plus October Manufacturing PMI of Japan, China 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