Thai Stock Market Roundup on September 2, 2021

– SET Index closed at 1,647.75 points, increased 13.27 points or 0.81% with a trading value of 101 billion baht. The analyst stated that the Thai stock market closed higher, buoyed by the exports and telecommunication sectors after the baht baht started to depreciate, while the impact of buying pressure in DELTA resulted in 7 points to the index.

The analyst advised investors to monitor the U.S. non-farm payroll on Friday in which the figure will be in a consideration of Fed’s tapering timeline as well as the political issues and Covid-19 situation in Thailand.

In addition, the analyst expected SET Index could slow down in a rebase movement, giving a support level at 1,640 points and a resistance level at 1,660 points.

– Foreign Investors and Local Institutions returned for a net buy of 4.1 billion baht in Thai stocks, resulting in a gain of 13 points in SET Index.

– Consumer inflation in South Korea maintained above the 2% level in June for the third consecutive month, closing to a nine-year high.

– U City gained 4% in hopes for the transformation of its business into financial services to become BTS Group’s financial arm.

– As COVID-19 situation in Thailand is improving and fund inflow is returning to the SET in late-August, Asia Plus Securities recommends 25 laggard plays with high upsides, led by TOP, PTT, VGI and TTB.

– Stocks in Focus on September 2, 2021: JMT (TP at ฿58.00/share) and CRC (TP at ฿40.00/share).

 

Top 10 Most Impact Shares on September 2, 2021