Thai Stock Market Roundup January 2, 2019

– GULF welcomed the new year with a COD of 127MW “GNLL2” to EGAT, while targeting the remaining three SPPs to successively begin commercial operations as scheduled between March and July 2019.

– ALT has announced its business restructuring by transferring SRT network to its subsidiaries to support future expansion.

– AJA sank as much as 23.08% to an all-time low after a probe on the CEO regarding share manipulation.

– ATP30 was confident in the 2019 business growth after successfully launched BKK-Pha Ngan Island bus services in cooperation with Raja Ferry Port (RP).

– Local institutions initiated the new year with ฿1.96 billion buy to rescue SET out of the danger zone that global markets are facing.

– SET closed at 1,565.94 points, hiked 2.06 points or 0.13% with ฿31.6 billion in value despite all the negativity from global issues.

U.S. stocks index futures shrank on the first trading day of the new year as the surveys showed the world’s second-largest economy’s Markit Manufacturing Purchasing Managers’ Index (PMI) for December dropped to 49.7 points from 50.2 points in November.

Purchasing Managers Index (PMI) is an index compiled and summarized through the results of the monthly survey of enterprises purchasing managers. It is one of the leading indices which was commonly adopted by international society to monitor the macroeconomic trends, and played an important role in forecasting and monitoring.

At 16:30 in Thailand, Dow future sank 357 points or 1.53% to 22,913 points, but the lowest point before the market open was 476 points, while S&P future also plunged 38.37 points or 1.53% to 2,466.88 points.

Asia major indices all closed in negative territory. NIKKEI skidded 0.31%, SSEC dipped 1.15%, HSI fell 2.77%, ASX 200 downed 1.57% and KOSPI shrunk 1.52%.

 

Top 10 Most Impact Shares on January 2, 2019