Thai Stock Market Roundup November 25, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 25, 2019.
– SET closed at 1,614.80 points, jumped 17.08 points or 1.07% with a trading value of 47.4 billion baht. The analyst stated that the Thai stock market closed higher which was in line with the regional market and the outlook of European markets at the open after the U.S. President Donald Trump said the completion of the phase one trade deal was near.
The market is expected to continue its gain in tomorrow’s trading session, supporting with an inflow of approximately $524 million from MSCI rebalancing. The analyst set a support level at 1,600 points and a resistance level at 1,625-1,630 points.
– Local Institutions led the buying team along with Foreign Investors and Proprietary Trading for a total of 3.7 billion baht of net buy, buying SET by 17pts.
– PORT will be traded in SET starting tomorrow.
– IRC’s Board of Directors approved a share repurchase program for 8 million shares with a value not exceeding 118 million baht.
– QH issued a ฿4 billion bond for institutional investors with a 2.3% coupon rate for debt repayment.
– SEAFCO revealed a backlog worth 1.8 billion baht, expected revenue of 3 billion baht next year.
– EPCO commercialized “Kurihara II”, starting to recognize the revenue from 17MW power plant onwards.
– “BOT will act if economic growth worsens,” said the BOT’s governor “Veerathai”.
– Stocks in Focus on November 25, 2019: SAWAD (Krungsri Securities TP ฿67.00/share) and SCC (Maybank Kim Eng ฿420.00/share).
Top 10 Most Impact Shares on November 25, 2019
