Thai Stock Market Roundup on September 3, 2021

– SET Index closed at 1,650.33 points, increased 2.58 points or 0.16% with a trading value of 78.7 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session as investors held back for the U.S. non-farm payrolls and the motion of no confidence this weekend.

The analyst expected SET Index to move in a limited range next week due to a good number of big-cap stocks will have an ex-dividend date, giving a support level at 1,635 points and a resistance level at 1,660 points.

– Foreign Investors and Proprietary Trading buoyed SET Index by 2.5 points with a 1.8 billion baht of net buy in a low trading value session.

– Nikkei closed at a three-decade high after Prime Minister Yoshihide Suga announced his retirement from running for the leadership of LDP.

– Chairman Xi Jinping in line with his “common prosperity” policy announced earlier on Thursday, the government plans to set up a stock exchange in Beijing for small and medium-sized enterprises (SMEs). Earlier Reuters reported Mainland was considering a decision to establish a new bourse to attract overseas-listed companies and enhance the status of its onshore markets.

– The Newcastle coal price has been on a rise this year with a 120% gain from $80.50/MT as the popularity of coal business started to die down, while companies and mines are shutting down from Covid-19 pandemic, resulting in higher demand for coal. The price hit a record high today at $177.50/MT.

– Following a 15% investment in JMART and 51% in Fanslink, MBKET raised a rating on VGI to “BUY” with a target price of 7.40 baht.

– Stocks in Focus on September 3, 2021: CPN (Maybank Kim Eng Securities TP at ฿60.00/share) and SMT (Finansia Syrus Securities TP at ฿8.00/share).

 

Top 10 Most Impact Shares on September 3, 2021