Thai Stock Market Roundup September 24, 2019

– SET closed the day at 1,630.50 points, increased 7.71 points or 0.48% with a trading value of 50 billion baht. Finansia Syrus stated that the Thai stock market made a rebound from buying pressure from telecom and power generating sector after falling for a few days. Investors were waiting to see the direction of MPC in tomorrow’s meeting.

The market is expected to move sideways in tomorrow’s session with a support level at 1,600 – 1,620 and a resistant level at 1,635 – 1,640.

– Individuals upgraded their portfolio after a net buy of 1.53 billion baht, pushing SET higher by 7.71 points.

– TMB set exercise TSR price at ฿1.40, allocation ratio at 1.444533 existing share:1 TSR.

– GRM rose to near 4-year high average at $10.06/bbl, the analyst expects solid growth in 4Q.

– Time for GULF–PTT to soar as Cabinet approved the draft contract of Map Tha Phut Phase 3.

– 7UP invested 35 million baht for two new businesses, beauty and wellness, expecting to book 900 million baht of revenue this year.

– GPSC continued to make a tender offer for the remaining of 4.75% of GLOW’s shares at ฿90.8136/share.

– Stocks in Focus on September 24, 2019: PTTEP (Krungsri Securities TP ฿160.0/share) and ICT Sector (Krungsri Securities maintains Overweight Call).

 

Top 10 Most Impact Shares on September 24, 2019