Thai Stock Market Roundup on 29 November 2021

– SET Index closed at 1,589.69 points, decreased 20.92 points or 1.30% with a trading value of 115 billion baht. The analyst stated that the Thai stock market traded lower today from prolonged negative sentiment from the previous week in concerns over the new Covid-19 variant, resulting in a portfolio adjustment in SET50 and reopening stocks.

The analyst stated that if the U.S. stock market is able to close higher today, it would be a positive sentiment for a technical rebound if SET Index is able to maintain at 1,590-1,580 points tomorrow.

– Foreign Investors, Local Institutions and Proprietary Trading continued to withdraw from the Thai stock market as a 8.8 billion baht selloff plunged SET Index by 21 points.

– Goldman Sachs, Credit Suisse and J.P. Morgan is not on high alert on the new Covid-19 variant as data has yet to come out.

– OPEC and its allies have postponed meeting until later this week, allowing themselves more time to assess the impact of the Omicron variant on global demand for oil.

– Japan will bring back its travel ban on Tuesday amid concerns over the new Covid-19 omicron variant.

– Gold and Dollar index climbed as investors seek to invest in safe assets amid concerns of omicron looms over financial markets.

– Shares of Evergrande plunged as much as 8% after the company’s chairman sold 1.2 billion shares.

– The share price of AOT, AAV and BA fell on Monday as Israel and Japan had halted their travel amid the report of new Covid-19 variants.

– The share price of STGT and STA continued to rise amid concerns over the Covid-19 omicron variant weighing the market down.

– BANPU announced that the Project Kessennuma Solar Power Plant in Japan with a capacity of 20 MW had started commercialization.

– Stocks in Focus on November 29, 2021: EPG (Maybank Kim Eng Securities TP at ฿15.00/share) and EKH (Finansia Syrus Securities TP at ฿9.40/share).

 

Top 10 Most Impact Shares on November 29, 2021