7 May 2024 Financial Markets The Baht surpassed THB37.00/USD while the SET continued to rise over-week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The SET continued to rise although it fluctuated in a narrow range throughout the week. The overall Thai stock market rose over-week. Although the upward trend was limited early in the week, pressured by the contraction in Thai exports for the first time in 8 months during March, the revision down of Thai GDP for 2024 to 2.4% by the Ministry of Finance, and stock sell-offs of a major electronic component manufacturer, the SET surged later amid purchases of various stocks, led by those in the banking, plus food and beverage sectors on the back of performance forecast. The SET was also boosted by bright prospects seen in across regional stock markets at the end of the week, following the falling US bond yields after the FOMC meeting. However, the SET dropped briefly around midweek after the Labor Day on sell-offs of foreign investors, plus profit-taking in energy stocks due to the falling global oil prices. On Friday, May 3, 2024, the SET closed at 1,359.94 points, up 0.73% over-week. The average daily trading value was THB41,955.64 million, down 0.11% over-week. The mai closed at 389.46 points, down 0.45% over-week. • May 6-10, 2024, KSecurities expects the SET to have support at 1,355 and 1,345 points, but resistance at 1,375 and 1,385 points, respectively. KResearch views that key matters to watch include Fed officials’ remarks, foreign fund flows and Thai listed companies’ 1Q-24 performance results. The US economic data that warrant close monitoring include May Consumer Sentiment (Flash) and Weekly Jobless Claims. Close attention must also be paid to April Services PMI of China, Japan and Eurozone, the upcoming BOE meeting, UK GDP report for 1Q-24 and China’s April Exports. 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