Thai Stock Market Roundup on June 11, 2021

– SET Index closed at 1,636.56 points, increased 11.29 points or 0.69% with a trading value of 106 billion baht. The analyst stated that the Thai stock market closed higher, in line with the regional markets, unaffected by the U.S. fast-pace increase of inflation rate, which is believed to be a short-term incline.

The Thai stock market was led by Domestic Plays as AOT and other stocks surged in response to the reopening hope and vaccine rollout and other commodity-related stocks such as BANPU.

The analyst recommended investors to monitor the Fed’s meeting next week, expecting limited upside after the breakthrough of 1,600 points, giving a support level for next week at 1,625 points and a resistance level at 1,635-1,640 points.

– Foreign Investors net bought 1,570 million baht of Thai shares, buoying SET Index by 11 points.

– the U.S. Bureau of Labor Statistics reported that the headline Consumer Price Index (CPI) rose 0.6% in May to record at 5.0% YoY, which was above the 4.7% consensus. The inflation rate in May grew at the fastest pace since 2008. Meanwhile, a separate report released by the Labor Department showed that U.S. initial jobless claims, a rough way to measure layoffs, decreased by 9,000 to 376,000 in the week ending June 5, marking a fresh pandemic-era low.

– GRAMMY completed the deal in acquiring a 9.99% stake in KISS with an investment value of 539 million baht.

– TIDLOR rose 4% to Bt45.50 as the analyst stated that the stock is still laggard, while expecting 2021 EPS to grow 27%.

– Share prices of coal-related stocks edged higher in the morning session in response to a gradual increase in global coal prices to meet demand.

– The analyst believed the surge in AOT‘s share price was due to a speculation on the reopening theme, giving a consensus target price at Bt69 per share.

– Stocks in Focus on June 11, 2021: MAJOR (KGI Securities TP at ฿28.25/share) and TU (Maybank Kim Eng TP at ฿20.00/share).

 

Top 10 Most Impact Shares on June 11, 2021