Thai Stock Market Roundup on October 29, 2021

– SET Index closed at 1,623.43 points, decreased 0.88 points or 0.05% with a trading value of 66.7 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session without any drivers to push the market further, while the market was looking forward to the Fed’s meeting next week and 3Q21 earnings season.

The analyst stated that the reopening on November 1 should be monitored closely for the progress of Covid-19 situation and the number of tourist arrivals.

In addition, the analyst expected SET Index to move between the support level at 1,620-1,600 points and the resistance level at 1,630-1,635 points.

– Foreign Investors withdrew 3,003 million baht from the Thai stock market, plunging SET Index to close lower.

– The United States economy grew at a slower pace in the third quarter of 2021, recording a 2% growth.

– The Eurozone sees fastest GDP growth in a year, however inflation hit 13 year high with room to climb more.

– Facebook changed its corporate name to Meta to emphasize its ‘metaverse’ vision.

– Evergrande once again avoided default at the last minute signaling the company is just buying time.

– Apple reported a revenue growth by 29% for its 4Q fiscal year, but sales missed expectations from the market due to supply constraints.

– EKH makes a 165 million baht investment in “The Klinique Medical Clinic” in order to expand the business and bring long-term value to the company.

– SCC said that the fire was quickly extinguished, that no one was injured, and that the surrounding community and environment remained unaffected.

– GPSC established Global Renewable Synergy Company Limited Taiwan (GRSCTW), with an initial paid-up capital of NTD 500,000, to invest in renewable energy in Taiwan.

 

Top 10 Most Impact Shares on October 29, 2021