Thai Stock Market Roundup on 2 December 2021

– SET Index closed at 1,591.84 points, increased 1.03 points or 0.06% with a trading value of 67 billion baht. The analyst stated that the Thai stock market was fluctuating in today’s session as investors made a selloff to lower the risk amid uncertainty of the new Covid-19 omicron variant. Moreover, the index could not surpass the resistance level at 1,590 points, which led to a rebase amid lower trading volume.

The analyst recommended keeping an eye on the omicron situation, vaccine development and today’s OPEC+ meeting, giving a support level for tomorrow at 1,575 points and a resistance level at 1,600 points.

– A combine of buying pressure from Local Institutions, Proprietary Trading and Individuals buoyed SET Index to close slightly higher by 1 point.

– Apple Inc. reportedly informed its parts suppliers that demand for iPhone 13 line up has slowed down.

– Southeast Asia’s Unicorn Grab in a SPAC merger of $40 billion will debut on Nasdaq on Thursday.

– South African leading scientist warned it is too early to determine if the Omicron variant is as severe as the other variants.

– The Bank of Thailand and relevant agencies stated that they are discussing guidelines on usage of digital assets as payment for goods and services.

– BANPU, through its subsidiary, entered into a Sale and Purchase Agreement for the acquisition of 100% of Ha Tinh Solar Power Joint Stock Company, that owned 50 MW Ha Tinh operating Solar farm, located in Ha Tinh Province, Vietnam.

– CRC announced that the company acquired 67% stake in Porto Worldwide Limited which holds 40% shareholding in Grab Thailand.

– The Market of Alternative Investment of Thailand will list Healthlead (HL) in the index on December 3 with an IPO priced at THB9.80 per share.

– Stocks in Focus on December 2, 2021: TOA (Maybank Kim Eng Securities TP at ฿40.00/share) and XO (Krungsri Securities TP at ฿23.30/share).

 

Top 10 Most Impact Shares on December 2, 2021