Thai Stock Market Roundup October 25, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 25, 2019.
– SET closed at 1,593.28 points, declined 27.69 points or 1.71% with a trading value of 76.6 billion baht. The market closed at the lowest point in nine months. The analyst stated that the index sank lower than its previous low point at 1,605 points, which led to a selloff and a cut loss. The announcement of a weak outlook in 2020 from KBANK yesterday caused investors to worry over the economic outlook that could affect the stock market.
Analyst still recommended to keep an eye on the 3Q19 financial statement, the development of trade deal between the U.S. and China, the Fed’s meeting next week, and the outcome of Brexit, giving a resistance level at 1,590 – 1,580 points, and resistant level at 1,605 – 1,620 points.
– A non-stop selloff from Local Institutions sank SET Index even further. The Index fell 27.69 points from a net sell of 2,517 million baht of Institutions.
– Vayupak Fund 1 purchased 18.80% of TMB-T1.
– Baht advanced to the strongest since 2013 at 30.228/USD, gained 7% YTD.
– IMF cut Thai GDP to 2.9% this year.
– AOT expected the number of passengers in 2020 to grow 6% which would raise its revenue by 8%.
– TCAP issued a debenture not exceeding 5 billion baht with an interest rate of 3.01% and an A+ rating.
– SHR, Singha Estate’s subsidiary, set its IPO price at ฿5.20/share to fund for hotel business expansion.
– Stocks in Focus on October 25, 2019: MINT (KGI Securities TP ฿49.00/share) and BDMS (Kasikorn Securities TP ฿26.00/share).
Top 10 Most Impact Shares on October 25, 2019
