Thai Stock Market Roundup November 20, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 20, 2019.
– SET closed at 1,596.83 points, dropped 10.42 points or 0.65% with a trading value of 47.7 billion baht. The analyst stated that the plummet in the Thai stock market, as well as the regional market and majority of European markets was due to the reason none other than concerns of the trade deal between the U.S. and China after weeks had passed and still no concrete announcement being made by either party. Moreover, the U.S. President Donald Trump said yesterday that he would just raise tariffs on Chinese goods if they could not strike the deal.
The market in tomorrow’s session is expected to swing sideways down with a support level at 1,580 points and a resistance level at 1,610 points.
– Local Institutions led the selloff team to plunge SET by 10.5pts with a net sell of 2.2 billion baht.
– IVL completed the deal of taking over “Sinterama” with a total capacity of 30,000 tonnes per annum.
– Mr. Viboon Wadcharasurang, a major shareholder of RCI, sold all his shares in the company.
– TACC got an extended contract for the dispenser in 7-Eleven for three more years.
– BCPG offered a dividend payment ฿0.16/Share, XD on December 3, 2019.
– ALL issued a debenture not exceeding 200 million baht with an interest rate of 6.40% for institutions and major investors.
– MK issued a debenture not exceeding 1,650 million baht with an interest rate of 5.75% for institutions and major investors.
– TU issued a perpetual bond not exceeding 6,000 million baht.
– Greenshoe options returned to “Charoen Sirivadhanabhakdi,” hiking the stake over 27% in AWC.
– BJCHI acquired another Santos Project with a project value of 300 million baht.
– JAS completed the transaction to JASIF while invested ฿4.3bn to subscribe new funding unit.
– AOT lowered the Landing Fee for all six airports, starting December 1, 2019 – April 30, 2020.
– Stocks in Focus on November 20, 2019: GULF (KGI Securities TP ฿198.50/share) and PTG (KTB Securities ฿27.75/share).
Top 10 Most Impact Shares on November 20, 2019
