Thai Stock Market Roundup November 1, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 1, 2019.
– SET closed at 1,592.52 points, declined 8.97 points or 0.56% with a trading value of 48.4 billion baht. The analyst stated that the SET Index closed in the opposite direction of regional markets mainly due to the plummet of JAS, caused by Block Trade, sending negative sentiment to other stocks in the market.
Moreover, the index was still in a downside after unable to break through the resistance level at 1,605 points. The analyst recommended to keep a close eye on the trade deal, economic data, MPC’s meeting and MSCI rebalancing.
– Foreign Investors and Individuals poured ฿1.2bn back to the market, plunging SET Index by 9 points.
– FPI was awarded Thailand Sustainability Investment for three consecutive years, emphasizing the strength of its business.
– THAI jumped 17.57% to close at ฿8.70/share from the speculation of the recovery plan as indicated by Saksayam Chidchob.
– ADVANC: Minimal downside on acquiring new spectrums, analysts recommended “BUY” at ฿268.00/share.
– AOT revealed a passenger growth of 1.69% in in 2018/2019, reaching 141.87 million passengers.
– JAS hit the floor with a plummet of 29.92% due to the remaining contract over 430,000 contacts in block trade.
– SCN expected to earn 220 million baht from minibus business yearly, aiming to take 5% of market share.
– Stocks in Focus on November 1, 2019: TASCO (Asia Wealth Securities TP ฿26.00/share) and BDMS (Maybank Kim Eng TP ฿28.00/share.)
Top 10 Most Impact Shares on November 1, 2019
