Market closed with the SET index at 1,286.74, down 14.28 points. Trading volume reached 7.99 billion shares valued at 42.23 billion Baht. Leading stocks included CPALL at 50.00 (-3.38%), DELTA at 114.50 (-6.91%), and KBANK at 160.50 (-1.53%). Foreign investors net bought 684.42 million Baht. Total trading value was 41.68 billion Baht.
Key Points
- Market Overview and Indices Performance (as of 05 Feb 2025)
- The SET index closed at 1,286.74, down 14.28 points, with a trading volume of 7,986,402 (000 shares) and a value of 42,226.09 million Baht.
- Other indices: SET50 at 838.08 (-10.39), SET100 at 1,799.88 (-21.90), and SETTRI at 9,772.12 (-0.26%).
- Trading Summary and Institutional Movements (up to 04 Feb 2025)
- Total trading value: 41,678.41 million Baht.
- Institution: Buy 4,306.49 million Baht, Net +245.66 million.
- Foreign investment recorded a net buy of 684.42 million Baht.
- Top 5 Stocks by Trading Value
- CPALL at 50.00, -3.38%, valued at 5,157,405.55 (000 Baht).
- DELTA at 114.50, -6.91%, valued at 4,331,129.50 (000 Baht).
- KBANK at 160.50, -1.53%, valued at 2,070,719.95 (000 Baht).
- ADVANC and AOT posted gains, closing at 281.00 (+0.72%) and 56.75 (+1.34%) respectively.
US President Trump’s decision to raise tariffs on imports from Canada, Mexico, and China has heightened fears of an escalating trade war and rising inflation, triggering a sharp decline in the Thai stock market. Experts anticipate the Thai stock index could drop to 1,250 points or lower in the near term, driven by trade tensions and their ripple effects on global markets. These trade war concerns are expected to dampen market sentiment, increase inflationary pressures, and create broader economic challenges, which may limit the Federal Reserve’s ability to implement further interest rate cuts.
Global Market Roundup: A Snapshot of Today’s Financial Landscape
As of today, the global financial markets are navigating a complex landscape marked by mixed economic signals, geopolitical tensions, and evolving investor sentiment. The beginning of this trading week reflects a continuation of several overarching themes that have been influencing markets worldwide.
Equity Markets:
Major equity markets have shown resilience despite headwinds. In the United States, the S&P 500 and NASDAQ experienced modest gains as investors reacted positively to the latest corporate earnings releases. Tech giants reported robust quarterly performances, fueling optimism in the growth sector. Meanwhile, the Dow Jones Industrial Average remained relatively flat, as concerns over inflationary pressures tempered enthusiasm.
On the other side of the Atlantic, European markets mirrored this cautious optimism. The FTSE 100 in London and the DAX in Germany exhibited slight upticks. European equities benefited from better-than-expected economic data, including stronger purchasing manager index (PMI) figures that signal expansion in the manufacturing sector. Nonetheless, ongoing concerns about energy prices and supply chain disruptions continue to loom over the markets.
In Asia, the performance was more mixed. Japan’s Nikkei 225 saw a decline, partly driven by profit-taking after recent highs. Conversely, China’s Shanghai Composite Index showed resilience, recovering from previous losses attributed to regulatory crackdowns. Investors in Asia remain focused on China’s economic policies and their potential impact on regional growth.
Currency and Commodity Markets:
The currency markets today indicated a stronger US dollar, which gained against major currencies. This movement is primarily attributed to expectations of a tighter monetary policy by the Federal Reserve as it aims to tame inflation. Meanwhile, the Euro and British Pound struggled to gain momentum, with Brexit-related uncertainties still affecting the latter.
In the commodities market, crude oil prices remained volatile. Brent crude experienced slight gains, buoyed by supply concerns and geopolitical tensions in the Middle East. However, high inventory levels in the US capped potential gains. Gold prices saw a modest decline as the stronger dollar made the metal more expensive for holders of other currencies.
Bonds and Interest Rates:
The bond market today reflects increasing investor caution. US Treasury yields have edged higher amid anticipation of future rate hikes. Market participants are closely monitoring the Federal Reserve’s upcoming meetings for insights into its monetary policy direction. Across the Atlantic, European bonds experienced a slight sell-off, reflecting similar concerns regarding inflation and central bank responses.
Conclusion:
Today’s global market roundup underscores the complex interplay of factors shaping financial landscapes. Investors are balancing optimism stemming from positive corporate earnings and economic data against concerns about inflation, interest rates, and geopolitical risks. As the week progresses, market participants will continue to navigate these dynamics, seeking opportunities amid uncertainty.
