Thai Stock Market Roundup on September 13, 2021

– SET Index closed at 1,633.76 points, decreased 1.59 points or 0.10% with a trading value of 86.1 billion baht. The analyst stated that moved in sideways trends without positive factors to drive the market and the profit-taking, especially in DELTA, coupled with the FTSE Rebalancing that weighed Thai stocks down.

The analyst expected SET Index to move within a limited range this week in a lack of positive drivers, while estimating that the U.S. inflation, scheduled to be released on Tuesday will come in higher in line with the Fed’s projection.

Moreover, the analyst advised investors to wait for the Fed’s meeting next week, seeing that if the inflation rate in September is at a lower rate, coupled with rising Covid-19 cases in the U.S., the Fed may not be in a hurry for asset tapering.

In addition, the analyst gave a support level for tomorrow’s session at 1,620 points and a resistance level at 1,646 points.

– A 1.7 billion baht of net sell from Individuals pressured the Thai stock market to close slightly lower on Monday.

– S&P Global Ratings, global corporate capital expenditures (CAPEX) to grow by 13.3% this year which would account for the biggest yearly jump since 2007.

– The Dollar Index strengthened to a two-week high on Monday as investors were speculating on sooner-than-expected Fed’s tapering.

– The share price of STA and STGT closed lower today as the Covid-19 situation got better, which dampened the demand outlook in the future.

– TTCL rose 12.61% after the company received a letter of intent for a construction project in Vietnam with an approximate contract value of 2,000 million baht.

– Stocks in Focus on September 13, 2021: APURE (FSSIA TP at ฿12.00/share) and MAJOR (Krungsri Securities TP at ฿28.00/share).

 

Top 10 Most Impact Shares on September 13, 2021