FTSE Increases Weight on INTUCH, Cornering ATC of Tomorrow with ฿1.5bn of Fund

Following the report of big lot transactions of Intouch Holdings Public Company Limited (INTUCH) last week at a total amount of 257.10 million shares, equivalent to 15,618.83 million baht with an average share price of ฿60.75/share, causing INTUCH to face a huge selloff and a plummet of share price on August 15, 2019.
Capital Nomura Securities has stated in the analysis that INTUCH’s free float has widened from 59% to 67%, resulting in an interim weight increase from FTSE. It is expected to be effective at the closing on August 20, 2019 along with an estimation of 50 million dollars fund flow or approximately 1,500 million baht. Nomura recommends “speculation,” giving a resistance level at ฿62.00 / ฿64.00.