Thai Stock Market Roundup on 23 December 2021

– SET Index closed at 1,641.47 points, increased 14.68 points or 0.90% with a trading value of 67.5 billion baht. The analyst stated that the Thai stock market moved positively in response to the buying pressure from the telecommunication sector as TRUE and DTAC had significant surge in volume. The analyst saw both securities and the sector as defensive stocks amid the omicron outbreak while investors were also speculating on ADVANC in anticipation of a possible one-time dividend payment after the change of major shareholders.

The analyst expected the Thai stock market to continue to gain in tomorrow’s session but with a limited upside and a support/resistance level of 1,635-1,650 points.

– A buying pressure of 3,591 million baht from Foreign Investors supported SET Index to close 14.68 points higher.

– A study from the Oxford University lab shows that a three-dose course of AstraZeneca‘s Covid-19 vaccine is effective against the omicron variant.

– The northern city of Xi’an, China, implemented a full-scale strict lockdown and tightened travel controls as the Covid-19 omicron variant intensified. Xi’an on Wednesday reported 52 new cases bringing the total tally to 142 since December 9.

– Japan on Thursday upgraded its growth projections to 3.2% for fiscal year 2022 from a forecast 2.2 real GDP growth seen at a mid-year review in July, helped by a record extra stimulus budget approved by parliament this week.

– Central Group is close to completing the deal to acquire U.K. high-end department stores, Selfridges, worth nearly THB180 billion.

 

Top 10 Most Impact Shares on December 23, 2021