Thai Stock Market Roundup November 26, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 26, 2019.
– SET closed at 1,609.38 points, decreased 5.42 points or 0.34% with a trading value of 87.95 billion baht. The analyst stated that the selling pressure from Blue Chips affected the market tremendously after a high surge in yesterday’s session. However, the analyst still recommended investors to keep an eye on the development of the “phase one” deal between the U.S. and China, even though it had been reported that both delegates had had a phone conversation, still, there were no details on how the deal would be inked and in what terms.
– Foreign Investors poured 2,027 million baht of Thai shares amid the rise in regional markets. Individuals joined the selloff team, ditched 641 million baht back to the market.
– CPN divided 30% of shares in “Central Village” to “Mitsubishi” for project management.
– World Bank acquired 6.42% in PRINC’s capital increase. Meanwhile, “BHN” agreed to join hands with PRINC to manage Joint-Spine Centre.
– CPNREIT holders gave a green light to invest 55.9 billion baht in seven property projects.
– DTC expected to open the sixth “Dusit Princess Boracay Hotel” in the Philippines, progressing to penetrate the market.
– PACE advanced to negotiate with SCB and made a restructuring plan to solve “C” sign.
– Stocks in Focus on November 26, 2019: RBF (Maybank Kim Eng TP for speculation ฿4.80-5.30/share) and TMB (Krungsri Securities ฿1.86/share).
Top 10 Most Impact Shares on November 26, 2019
