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16 Jun 2025

Financial Markets

The Baht weakened slightly later in the week while the SET dropped for five consecutive weeks

คะแนนเฉลี่ย
•    The Thai stock market dropped sharply at the end of the week amid concerns over Israel-Iran tensions.
        The SET moved within a narrow range before rising around midweek, boosted by the news reports on progress in US-China trade talks, with an agreement being reached on trade, plus the news that the US has agreed to start official trade talks with Thailand. However, the gains were capped due to investor concerns over Thailand’s economic outlook, with the World Bank recently lowering its GDP forecast for Thailand in 2025 to 1.8%.
        Later, the SET tumbled after having responded to the said supportive factors. Profit-taking pressure was seen in large-cap stocks across various sectors, particularly those of the technology, banking, and finance sectors. It was also hit by concerns over the BOT’s supervision of the hire purchase and leasing businesses. The SET dropped further at the end of the week in line with other bourses following the news that Israel launched air strikes against Iran, triggering broad-based selling across all sectors. However, energy stocks rose in line with the rising global oil prices.  
 
•    On Friday, June 13, 2025, the SET closed at 1,122.70 points, down 1.21% over-week. The average daily trading value was THB30,872.70 million, down 18.52% over-week. The mai closed at 237.14 points, down 0.72% over-week. 
•    June 16-20, 2025, KSecurities expects the SET to have support at 1,110 and 1,100 points, but resistance at 1,145 and 1,155 points, respectively. KResearch advises investors to watch key factors, including the FOMC meeting (June 17-18), issues related to US tariffs, and foreign fund flows. The US economic data that warrant close monitoring include May Retail Sales, Industrial Production, Housing Starts, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming BOJ and BOE meetings, May CPI of Eurozone, UK and Japan, plus China’s June LPR and May  economic data such as Retail Sales, Industrial Production and Fixed Asset Investment.

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Financial Markets