Thai Stock Market Roundup September 16, 2019
A short summary to inform investors of what had happened in the Thai stock market on September 16, 2019.
– SET closed at 1,662.93 points, increased 0.97 points or 0.06% with a trading value of 61.4 billion baht. Thai stock market swung sideways during the trading hours in line with the regional market except Hong Kong and Indonesia market due to domestic issues.
PTT led the market in trading value at 5,148 million baht while PTTEP came in at 2nd and PTTGC at 3rd. All closed in positive territory.
Analyst recommended to keep an eye on the Fed’s meeting on 17-18 September and an oil price as Saudi Arabia started to recover its production from the attack.
– Foreign Investors and Individuals combined a net buy of almost 2 billion baht, keeping SET afloat by 1 points at the closing.
– Over the night oil prices jumped near $12/bbl after Aramco oil plants were attacked by drones while Trump greenlighted to use SPR to supply oil market.
– INGRS expected to book ฿3.7bn for 7 years from the “Global OEM” Project.
– Krung Thai Bank affirmed no payment default by GULF while praising as a company with potential.
– TFG established a subsidiary, holding 76% stake to advance in generating and selling electricity from renewable energy.
– WHAUP joined “Aqua Corporation” to forward in public utilities business in Vietnam.
– MCOT booked 161 million baht from the compensation of 14 MCOT Family suspension.
– Stocks in Focus on September 16, 2019: TVO (KGI Securities Consensus TP ฿29.00/share) and IRPC (KGI Securities TP ฿5.00/share).
Top 10 Most Impact Shares on September 16, 2019
