3 Feb 2025 Financial Markets The Baht strengthened at the end of the week while the SET hit its lowest in 5-1/2 months คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The Thai stock market dropped for two consecutive weeks due to the lack of new supporting actors. The SET dropped almost throughout the week amid domestic investors’ sell-offs. The SET was mainly pressured by the sell-offs of stocks of electronics producers (following US technology stock trend due to the news regarding the release of a low-cost Chinese artificial intelligence (AI) model) and stocks of large hospitals and stocks of an airport operator. The SET rose briefly later due to foreign investors’ purchases before dropping again from midweek due to the lack of new supporting factors, while the FOMC meeting results came out as market expected, i.e., the Fed’s decision to hold the policy rate steady while signaling that it is not in a hurry to cut rates. On contrary to other bourses, the SET tumbled further at the end of the week and hit its lowest in 5-1/2 months at 1,310.72 points, dragged by the sell-offs of stocks of a major retail business operator due to the news regarding the discussion of management buyout. This week, banking stocks outperformed other sectors, boosted by the announcement of stock buyback plan of one of domestic systematically important banks (D-DIBs) and anticipated dividends payment. • On Friday, January 31, 2025, the SET closed at 1,314.50 points, down 2.92% over-week. The average daily trading value was THB35,612.14 million, up 2.73% over-week. The mai closed at 278.98 points, down 2.72% over-week. • February 3-7, 2025, KSecurities expects the SET to have support at 1,300 and 1,275 points, but resistance at 1,330 and 1,345 points, respectively. KResearch advises investors to watch key factors, including Thailand’s CPI for January 2025, FOMC officials’ remarks, 4Q-2024 performance results of Thai listed companies, policies of US president Donald Trump, and foreign fund flows. The US economic data that warrant close monitoring include Manufacturing and Services ISM/PMI, ADP Employment Report, Non-farm Payrolls, Unemployment Rate for January 2025, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOE meeting, Manufacturing and Services PMI for January 2025 of Japan, China and Eurozone, Eurozone’s CPI for January 2025 and PPI for December 2024. 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