Thai Stock Market Roundup September 11, 2019

– SET closed at 1,674.03 points, increased 8.10 points or 0.49% with a trading value of 71.2 billion baht. An analyst from UOB Kay Hian stated that the surge was due to the announcement from China to exempt import duty of some categories of products from the U.S. The exempt excluded agricultural products such as corn and soybean, still, it is considered a positive sentiment prior to the trade talks between both countries.

SCB was the leader in the highest trading value at 4,423 million baht, increased ฿6.00/share or 5.13% to close the day at ฿123.0/share while BBL came in as the third-highest trading value at 2,227 million baht and close 3.8% up. The surge in the banking sector was due to the higher bond yield after investors turned from safe assets to riskier investments amid positive sentiment from the U.S. and China.

– Foreign Investors and Prop Trade combined a total of net buy at 2.7 billion baht to buoy SET by 8 points.

– EA established two subsidiaries to operate waste disposal and manufacture E-Vehicles and buses.

– EARTH plunged 44% on the first trading day before delisting on September 19.

– CHO’s shareholders approved 1 billion baht of debentures for business expansion and working capital.

– “Charoen”’s AWC sought to sell IPO at ฿6 on September 25-27, expecting to be listed in October.

– WHAUP aimed to sign an agreement for 25 MW solar rooftop project by this year.

– COM7 surged 1.41% to close at ฿25.25/share in response to the new iPhone 11.

– GPSC aimed to further the investment of power plant in Vietnam and Myanmar after the rise of demand from the two countries.

– Stocks in Focus on September 11, 2019: STEC (KTB Securities TP ฿20.00/share) and TACC (Finansia Syrus TP ฿6.00/share).

 

Top 10 Most Impact Shares on September 11, 2019