Thai Stock Market Roundup September 5, 2019
A short summary to inform investors of what had happened in the Thai stock market on September 5, 2019.
– SET closed at 1,669.79 points, rose 11.15 points or 0.67% with a trading value of 59.8 billion baht. The Thai market closed the day higher for two consecutive days, led by PTT and PTTEP for the most impact share in the market after the oil price had risen over $56.0/bbl. Moreover, the sentiment from the renewal trade talks to be held in early October also buoyed the market for the day.
Krungsri Securities advised keeping an eye on the meeting of economic cabinet tomorrow regarding the stimulus plan while setting a support level at 1,660 and a resistant level at 1,680-1,690.
– Individuals kept on selling for 2 billion baht while Institutions buoyed the market to close higher by 11pts.
– ADVANC finally settled the telecom tower dispute while agreed to provide 10 years services to TOT in exchange for using the telecom tower.
– Stocks in Focus on September 5, 2019: TOP (KTB Securities Target Price ฿78.00/share) and AOT (KTB Securities Target Price ฿80.00/share).
– ORI Offers ฿2bn Debenture with a 4.10% Interest Rate to Institutions and Major Investors.
– AQUA Raises Target Revenue in 2019 to 30%, Expecting over ฿100m from “S. Thana Media”.
– PTT rose 1.72%, PTTEP increased 3.39% and PTTGC gained 0.96% after crude oil price above $56.0/bbl.
– SINGER aimed to expand its franchise to cover 7,000 distracts in Thailand within 2022.
Top 10 Most Impact Shares on September 5, 2019
