Market Roundup 30 November 2023

Thailand’s SET Index closed at 1,380.18 points, decreased 7.51 points or 0.54% with a trading value of 76.1 billion baht. The analyst stated that the Thai stock market edged lower due to a selloff in big-cap stocks, especially the power generator sector. The market also received pressure from lower manufacturing activity data from China this morning.

The analyst expected the SET Index  to recover tomorrow but in a limited range as the market still lacks positive catalysts. The analyst recommended investors to monitor OPEC+ meeting and US PCE data tonight.


The US bond market finally saw some light in November after months of struggling from the rate-hike cycle from the central bank to combat high inflation in the world’s largest economic country.

As Wall Street expects the Fed to keep key policy rates in place well into early next year, investors are now flooding into bidding up the price of US Treasuries, agency and mortgage debt. This has resulted in the best month for the record books since the 1980s.

In what appears to be an imminent losing year that marks the third straight annual loss, bond traders saw a much needed rally in November. The Bloomberg US Aggregate Index showed a return of 4.9% so far this month through Wednesday, following a drop by more than 0.65 percentage points of the US 10-year bond yield to 4.26%.


Marina Bay Sands Pte, hotel and casino operator in Singapore, plans to expand its business through an up to $7.5 billion loan, the largest syndicated loan record in Singapore.

Marina Bay Sands’ plan is to expand luxury rooms and convention facilities in its hotel tower. However, according to Bloomberg, the plan would include refinancing of existing loans and rollover of its drawdown facilities, as it tries to rebound after the pandemic.

Earlier in 2019, Marina Bay Sands acquired the loans from DBS Group Holdings Ltd., Oversea-Chinese Banking Corp., United Overseas Bank Ltd. and Maybank Securities Pte. These lenders possibly have a say on the plan.

Marina Bay Sands will need the new loan to settle with the old loans, as it will look to borrow $1.5 billion more as a part of the package, according to Bloomberg.


Philippine regulators, the Securities and Exchange Commission (SEC), will block Binance, a platform that provides service to people to trade crypto, from being accessed in the country.

The SEC stated to the public in November, saying Binance’s operator is not a registered corporation and the platform is not authorized to sell securities in the Philippines.

Filipino investors will be given time to close their positions and take out their investments before the access to Binance shuts down, said the regulator.

The SEC requested the National Telecommunications Commission and the Department of Information and Communications Technology to help in blocking Binance, with the attempt to request Google and Meta to prevent Binance from advertising to Philippines’s social media users.