Thai Stock Market Roundup on September 30, 2021

SET Index closed at 1,605.68 points, down 11.30 points or 0.70% with a trading value of 90.65 billion baht. The analyst stated that a decline in the Thai stock market was from a sell-off of big-cap stocks, especially banking shares and energy shares. 

The banking sector fell today after rising for a while. The downturn was primarily due to the approaching earnings preview period, which is expected to see a slowdown in 3Q21 earnings due to the COVID lockdowns. While energy stocks fell in line with crude oil prices. Also, the market was weighed down by the number of Covid-19 cases, which again exceeded 10,000 per day.

For tomorrow’s outlook, the analyst anticipated that the market’s downturn would continue in the absence of any new drivers, establishing a support level at 1,590 points and a resistance level at 1,620 points.

– ITD-NWR Joint Venture jointly signed the contract for the construction of a drainage tunnel for Khlong Prem Prachakorn from Khlong Bang Bua to the Chao Phraya River, with a total contract value of 8,775,721,300 baht

– TU–SFLEX joined forces to establish a new company for carrying on the manufacturing and distribution of flexible packaging and other related business including development of new packaging or products.

– TRUE has invested in Philippine-based loyalty program provider ZAPGroup Inc. (ZAP) in the proportion of 70.00% for a consideration of approximately 163 million baht.

– CPANEL gained ฿1.30/share or 21.67% to ฿7.30/share on its first trading day, with a trading value of 814 million baht, surpassing above its IPO price of ฿6.00/share.

Top 10 Most Impact Shares on September 30, 2021