Display mode (Doesn't show in master page preview)

30 Jun 2025

Financial Markets

The Baht traded in a volatile manner but was trending stronger while the SET tumbled due to domestic political issues

คะแนนเฉลี่ย
  • The Thai stock market fluctuated before plummeting at the end of the week.
         The SET hit a 5-year and 3-month low of 1,053.79 points early in the week amid ongoing concerns over the conflict between Isreal and Iran following the reports of US involvement and Iran’s threat to close the Strait of Hormuz. However, the SET later rebounded along with other bourses after President Donald Trump announced that Israel and Iran had reached a ceasefire agreement, easing some concerns about the tensions in the Middle East. Additional support came during the middle of the week from the Bank of Thailand’s revision of its Thai GDP forecast for 2025 to 2.3%, up from the previous estimate of 2.0%.
         The SET later pared gains and plunged towards the end of the week due to concerns over domestic political issues, triggering broad-based selling across all sectors. Notably, the finance sector saw a significant decline, driven by heavy selling of stocks of a major credit card company due to its specific issues.
 
  • On Friday, June 27, 2025, the SET closed at 1,082.42 points, up 1.39% over-week. The average daily trading value was THB45,745.51 million, up 13.84% over-week. The mai closed at 227.66 points, up 0.67% over-week. 
  • June 30 – July 4, 2025, KSecurities expects the SET to have support at 1,075 and 1,055 points, but resistance at 1,095 and 1,115 points, respectively. KResearch advises investors to watch key factors, including remarks of Fed Chairman and other Fed officials, issues related to US tariffs particularly trade talks between Thailand and US, Middle East tensions, domestic political issues and foreign fund flows. The US economic data that warrant close monitoring include June Manufacturing and Services PMI/ISM, ADP Employment Report, Non-farm Payrolls and Unemployment Rate, plus Weekly Jobless Claims. Close attention must also be paid to June Manufacturing and Services PMI of Japan, China, Eurozone and UK, plus Eurozone’s June CPI (Flash) and May PPI. 

View full article


Financial Markets