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SET closed at 1,454.84 gaining 19.07 points with a trading value of 67,668.10 million Baht
In Europe, the markets responded positively to the Federal Reserve's unexpected 50 basis point cut, which brought the federal funds rate to a target of 4.75-5.00%.
As of September 19, 2024, the SET index closed at 1,454.84, gaining 19.07 points with a trading value of 67,668.10 million Baht. Notable stocks include EA and DELTA.
Key Points
- Market Overview (19 Sep 2024):
- SET Index: 1,454.84 (+19.07), SET50: 917.74 (+12.84), SET100: 2,004.45 (+27.46)
- Total Trading Volume: 12,983,134 shares, Value: 67,668.10 M.Baht
- High: 1,454.84, Low: 1,436.14
- Trading Summary:
- Institutions: Buy: 5,757.95 M.Baht, Sell: 5,653.55 M.Baht, Net: +104.40
- Proprietary: Buy: 4,928.73 M.Baht, Sell: 4,184.42 M.Baht, Net: +744.31
- Foreign: Buy: 32,441.00 M.Baht, Sell: 31,403.29 M.Baht, Net: +1,037.71
- Individual: Buy: 24,540.41 M.Baht, Sell: 26,426.83 M.Baht, Net: -1,886.42
- Top Performers:
- EA: 8.95 (-5.29%), Value: 2,857,295.65
- KBANK: 157.00 (0.00%), Value: 2,711,761.50
- DELTA: 108.50 (+4.33%), Value: 2,465,400.50
- BBL: 155.00 (0.00%), Value: 2,395,214.75
- CPALL: 64.75 (+1.57%), Value: 2,112,047.93
Global Market Roundup: 19th September 2024
The global markets have experienced a significant day on the 19th of September, 2024, marked by key decisions and movements that are likely to influence investor sentiment and economic forecasts in the coming period.
In Europe, the markets responded positively to the Federal Reserve’s unexpected 50 basis point cut, which brought the federal funds rate to a target of 4.75-5.00%. This move was a dovish surprise, as the markets had only priced in such a cut with a 60% probability. The median rate forecast for 2024 was revised down to 4.4% from 5.1%, suggesting further easing could be on the horizon.
Asia saw a slightly different scenario, with equities ending marginally lower after the Fed’s rate cut. The Japanese yen saw a significant drop as US long-end yields rose, and the yield curve steepened with a notable dive in the 3-month yield.
The economic outlook remains cautiously optimistic, with the Fed Chair emphasizing that the larger rate cut stems from a position of strength and that achieving a soft landing remains a key objective. Despite this, the labor market shows signs of loosening, and limited forward guidance suggests that market volatility is expected to persist.
In Thailand, the SET Index closed higher, reflecting a sharp rise in tandem with international markets following the Fed’s rate cut decision. The Thai stock market’s performance aligns with the global trend of positive investor response to the easing of monetary policy.
As we look ahead, investors and analysts will be closely monitoring the implications of these market movements and policy decisions. The focus will be on how these factors will interact with ongoing economic challenges, including debt levels and inflation rates, to shape the global economic landscape.
For a more detailed analysis and insights into the global market’s performance on this eventful day, you can refer to the comprehensive reports provided by financial experts and market strategists.
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