Thai Stock Market Roundup July 23, 2019
A short summary to inform you of what had happened in Thai stock market on July 23, 2019
– SET closed at 1,724.87 points, fell 2.71 points or 0.16% with a trading value of THB 62.13 billion. The Thai market moved sideways in a narrow range while traded lower from the concern about lower financial reports in 2Q19 after most stocks in the bank sector had announced a lower profit in the quarter.
Analyst expects the index to continue moving in a narrow range tomorrow as investors would slow down their pace to wait and see the policy of the new government as well as the central bank meeting later this week and Fed’s meeting with an expectation of 25 basis points rate cut.
– Institutions and Proprietary Trading net sold THB 2,038.57 million to plunge SET to close lower by 3 points while Foreigner investors net bought THB 1,720.68 million.
– BTS‘s AGM approved dividend payment of ฿0.42, and no-cost warrant at the ratio of 10:1.
– ILINK signed a contract with “PEA” to purchase the repair joint for 33 kV. and 115 kV. worth ฿29 million.
– CMAN invested ฿928 million in “Ha Long Qn Lime”, aiming to be the world’s leading lime producer.
– Higher expense in 2Q19 dragged BFIT’s profit down by 79% to record at ฿19.15 million.
– SYNTEC spent ฿235 million on rental properties at Krabi for business expansion.
– PTG closed the day at ฿22.80/share, increased ฿1.20 or 5.56%. During the session, the highest of PTG’s share price was ฿23.10/share and the lowest was ฿21.70/share with a trading value of ฿1,988 million. An increase of PTG’s share price has reached a new high in 18 months. Therefore, the analyst recommended “BUY” with the target price of ฿23.00/share.
– MINT closed flat at ฿40.70/share. During the session, MINT’s share price fell 3.7% to the lowest of the day at ฿39.25/share while the highest was ฿41.00/share with a trading value of ฿1,512 million. A decrease of MINT’s share price due to a concern of news of selling pressure from institutions.
– JAS closed the day at ฿6.30/share, decreased ฿1.30 or 17.11%. During the session, the highest of JAS’ share price was ฿7.80/share and the lowest was ฿5.90/share with a trading value of ฿4,350 million. A drop of JAS’ share price might due to the take over deal with a low price at ฿6.66/share.
Top 10 Most Impact Shares on July 23, 2019
