Thai Stock Market Roundup September 23, 2019
A short summary to inform investors of what had happened in the Thai stock market on September 23, 2019.
– SET closed at 1,622.79 points, decreased 13.41 points or 0.82% with a trading value of 45.1 billion baht. Krungsri Securities stated that the decline was due to the development between the U.S. and China regarding the trade war that did not seem to go as smooth as expected after officers from China cancelled the plan to visit U.S. farmers and left the country earlier than planned.
Moreover, it is expected Thai market tends to decline tomorrow as well, thus, KSS gives a support level at 1,610 and a resistant level at 1,630.
– Individuals continued a 7-day streak to acquire Thai shares with a total amount of 1.41 billion baht.
– U acquired “Trebren Investments Sp.z.o.o.” in Poland to further overseas hotel business
– ECF planned a swap to invest in “KPN Academy,” increasing “NOP”’s stake over 13%.
– TM’s Boards approved an investment in hospital and nursing care facility.
– JAS appointed appoint Ms. Saijai Kitsin as CEO to replace Mr. Pete Bodharamik.
– Mr. Anutin Charnvirakul gave a deadline for CP Consortium to sign the contract of High-Speed Railway Project connecting three airports by October 15, 2019.
– Stocks in Focus on September 23, 2019: ERW (Krungsri Securities TP ฿7.20/share) and AMANAH (KTB Securities (Thailand) TP ฿3.60/share).
Top 10 Most Impact Shares on September 23, 2019
