Thai Stock Market Roundup on August 27, 2021

– SET Index closed at 1,611.20 points, increased 9.29 points or 0.58% with a trading value of 95.4 billion baht. The analyst stated that the Thai stock market outperformed regional markets in response to the relaxation of lockdown measures, though the curfew still remained in place. However, the rally slowed down in the afternoon session after the technical data indicated overbought, while the market was also waiting to see the Fed’s symposium.

In addition, the analyst added that the direction of SET Index next week will depend on the Fed’s statement, giving a support level at 1,590-1,600 points and a resistance level at 1,630 points.

– Foreign Investors, Local Institutions and Proprietary Trading buoyed SET Index by 9 points with a total net buy of 8.3 billion baht.

– CCSA will lessen some of the Covid-19 lockdowns beginning September 1, but the night curfew will remain.

– CPF announced the acquisition of swine business in Russia to strengthen its business expansion overseas.

– The Central Bankruptcy Court has set the hearing to consider NOK‘s Rehabilitation Plan and there were 7 objection petitions filed against the rehabilitation plan and these petitions were accepted for consideration by the Court.

– JMT announced a capital increase at a ratio of 4.55 : 1 to raise funds for investment in quality projects that generate returns.

– The investment is aimed to enhance the company’s operating results and minimize risks from the reliance on real estate and hotel businesses.

– BTS, through VGI, will acquire 15% of voting rights in JMART through newly issued ordinary shares by way of the private placement. Meanwhile, U City will acquire 9.90% of JMART and 25% in SINGER.

 

Top 10 Most Impact Shares on August 27, 2021