Thai Stock Market Roundup on August 31, 2021

– SET Index closed at 1,638.75 points, increased 4.98 points or 0.30% with a trading value of 117 billion baht. The analyst stated that the Thai stock market closed higher in the same direction of regional markets after the report of The People’s Bank of China is expecting to inject 40 billion yuan for liquidity, coupled with the weakened U.S. dollars.

The power generation stocks and telecommunication supported the Thai stock market in today’s session, while other securities slowdown prior to the MSCI rebalance.

In addition, the analyst expected SET Index to extend the gain in tomorrow’s session with a support level at 1,630 points and a resistance level at 1,645-1,650 points.

– A 3.8 billion baht of Foreign Investors’ net buy in the afternoon session pushed SET Index higher and closed in a positive territory.

– PTTGC, NER and SCGP are among stocks that continued to give solid performance in July through August, despite MPI indicating slower growth.

– DOD Biotech joined with US-based hemp & cannabis leader “MFUSED Group” to enhance strategic synergy in “Siam Herbal Tech”.

– JTS signed a contract to purchase 1,200 mining machines from Bitmain, with aims to increase its Bitcoin mining capacity to meet the target for next year.

– As Thailand will begin relaxing some of the COVID-19 lockdown restrictions tomorrow (September 1), COM7 is expected to be the leader in the IT market post-COVID on its aggressive growth potential.

– MAJOR announced the company has completely transferred all of its shares held in Siam Future Development Public Company Limited (SF).

– Stocks in Focus on August 31, 2021: AMATA (Asia Wealth Securities TP at ฿23.30/share) and GPSC (Maybank Kim Eng Securities TP at ฿102.00/share).

 

Top 10 Most Impact Shares on August 31, 2021