THAILAND SET

The SET is Going Nowhere until Foreign Investors Stop Selling

Wed Sep 30, 2015

Technically, we had a trend reversal for the SET on Tuesday but the bounce on Wednesday was lousy. It wasn’t good end-of-the-month/quarter window dressing. The index is ...

Big Red Flags as the SET is Technically Setup for a Sell-Off

Mon Sep 28, 2015

The SET took a 1.79% nosedive to close at 1352.13 on Monday on concerns about China’s corporate profits. The China National Bureau of Statistics (NBS) said on ...

ECB Draghi’s Dovish Remarks and PBoC Rate Cut Announcement Should be Enough to Send the SET over the 1,442 Level

Thu Oct 22, 2015

The SET closed down 0.16% in a short trading week, at 1,416.14 on Thursday, as the index was consolidating ...

Advanced Info Service Stuck in Trading Pattern While Investors Collect High Dividends

Mon Oct 19, 2015

Advanced Info Service PCL [SET:ADVANC], the leading mobile operator in Thailand with about 41 million subscribers and 52% of market share by revenue, is scheduled to ...

SET Cautious Ahead of Monday’s China GDP Report, Technical Breakout Target at 1,442

Fri Oct 16, 2015

The SET inched up 0.5% for the week to close at 1418.38 on Friday, while the USD/THB exchange rate continued to slide another 0.79% this week to settle at 35.256 baht per ...

Strong Baht Drives SET to 2-Month High but May Force Bank of Thailand to Cut Rate

Thu Oct 15, 2015

The U.S. dollar index (DXY) tumbled 0.88% to settle at 93.96 at the close on Wednesday, after the release of the Federal Reserve’s Beige Book indicating that the U.S. economy ...

SET Surges as Thai Baht Strengthens Against U.S. Dollar

Fri Oct 9, 2015

The SET surged 4.83% for the week to close at 1,411.33 on Friday, while the USD/THB exchange rate tumbled 2.42% to 35.537 baht per dollar as investors are convinced that ...

SET Individual Investors vs Pros and the Pros are Winning, Downside Risks Subside

Thu Oct 8, 2015

Since the beginning of October, individual investors of the SET have been selling into the rally. According to SET market data, net sells of individuals are topping 10.4 billion baht ...

SET Retests 1,370 Resistance as World Bank Slashed Thailand Growth Forecasts, Downside Risks Remain

Tue Oct 6, 2015

The World Bank cut Thailand’s economic growth forecast for 2015 on Monday to 2.5%, from the April 15 forecast of ...

SET Could Get Temporary Bounce as U.S. Nonfarm Payrolls Report Was Disaster, Downside Risk Persists

Fri Oct 2, 2015

The SET took a 1.79% nosedive on Monday to close at 1,352.13 on concerns about China’s corporate profits ...

Headline Noise Drives SET in Narrow Symmetrical Triangle Chart Pattern

Fri Sep 25, 2015

The SET closed at 1,376.83 on Friday, down 0.97% for the week after the Bank of Thailand (BoT) revised its 2015 economic growth forecast downward to 2.7%, from 3% ...

Lots of Headline Noise From Mrs. Clinton’s Little Tweet, VW Scandal and China PMI

Wed Sep 23, 2015

The U.S. equity market was in a tailspin on Monday after Hillary Clinton, U.S. presidential candidate, went on a Twitter frenzy and sent out a tweet about “outrageous” price ...

SET May be Ready to Move Higher as Bank of Thailand and U.S. Federal Reserve Keep Interest Rates Unchanged

Fri Sep 18, 2015

The SET closed at 1,390.32 on Friday, up 0.62% for the week after the Bank of Thailand (BOT) decided on Wednesday ...

SET Breaks Out of Trading Range after Government Approves Second Stimulus Package

Fri Sep 11, 2015

The SET managed to break out the 1,370-1,380 trading range and closed at 1,381.82 on Friday, up 0.8% for the week after the government of Thailand approved a second stimulus ...

SET Buoyant above 1,370 Level after Government Passes Stimulus Package

Fri Sep 4, 2015

The SET managed to close up 0.35% for the week at 1,370.75 despite weak economic news from China, the U.S. and EU. The resiliency in the Thailand stock market could be due ...

One Heck of a Round-trip for the SET this Week after China's Equity Market Rout

Fri Aug 28, 2015

The SET plunged 4.73% and broke through the key technical support at 1,313, to close at 1,301.06 on Monday, following China's benchmark Shanghai Stock Exchange Composite ...

The SET Bounced Out of Bear Market Territory but Thai Individual Investors Weren’t Buying

Thu Aug 27, 2015

The SET took a cue from the U.S. equity market rally on Wednesday and ran up 2.87%, to close at 1,358.03, on Thursday with trading volume that was not heavy. Thai ...

More Technical Damage for the SET as Neophyte Investors Rattle China's Stock Market

Mon Aug 24, 2015

The SET broke through the key technical support at 1,313, to close at 1,301.06 on Monday, down 4.73% for the day, following China's benchmark Shanghai Stock Exchange ...

The SET Suffers a Technical Breakdown as the Index is Heading into a Bear Market

Fri Aug 21, 2015

The SET broke through the key technical support at 1,370 to close at 1,365.61 on Friday, down 3.42% for the week. The SET is now down 15.69% from the February 2015 high of ...

The SET Bounced off the 1,370 Technical Support as Foreign Investors Continue to Sell into any Rally

Wed Aug 19, 2015

The SET traded between the 1,370 support and 1,380 resistance levels on Wednesday in light volume, about 9.4 billion shares or less-than-half of the previous day's ...

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