# Market Roundup 11 July 2024

- Link: https://www.thailand-business-news.com/markets/151059-market-roundup-11-july-2024
- Published: 2024-07-12T11:38:41+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index rose by 0.46% amid investor vigilance on political uncertainties
and earnings reports. Japan’s core machinery orders dropped unexpectedly. Thai consumer
confidence fell due to economic and political concerns.**

## Thai Stock Market Performance

**📈 Thailand’s SET Index Performance**

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On July 11, 2024, Thailand’s SET Index closed at 1,329.37 points, marking an increase
of 6.09 points or 0.46%. The trading value for the day was 40.29 billion baht. There
is speculation that a potential decline in U.S. inflation figures could lead to 
a Federal Reserve interest rate cut in September.

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Domestically, investors were attentive to political uncertainties, second-quarter
2024 earnings disclosures from banks, and advancements related to the TESG fund’s
inclusion in the cabinet. Analysts expect the market to trade sideways tomorrow.

## Total Trading Value of Stocks and Bonds on 11 July 2024

| Daily as of 11 July 2024 | Unit: M.Baht | 
| Investor Type | BUY | SELL | NET | 
| Value | 
| Local Institutions | 4,003.06 | 4,883.59 | -880.53 | 
| Proprietary Trading | 2,456.64 | 2,681.73 | -225.08 | 
| Foreign Investors | 18,336.68 | 18,920.75 | -584.06 | 
| Local Individuals | 15,502.10 | 13,812.42 | 1,689.68 |

Source: [Total Trading Value of Stocks and Bonds on 11 July 2024 by Investor Types – KAOHOON INTERNATIONAL](https://www.kaohooninternational.com/markets/542024)

## Global Economic Observations

Japan’s core machinery orders fell for the second consecutive month in May, raising
concerns about capital expenditure and a sustainable recovery for the Bank of Japan.
The volatile capital spending indicator declined by 3.2% month-on-month in May. 
Meanwhile, Treasury’s Undersecretary Jay Shambaugh emphasized new approaches to 
protect American industries from China’s excessive industrial output. Thai consumer
confidence declined for the fourth month, attributed to economic and political uncertainties.
The U.K. economy expanded by 0.4% in May, surpassing expectations and boosting the
British pound.