Thai Stock Market Roundup September 30, 2019
A short summary to inform investors of what had happened in the Thai stock market on September 30, 2019.
– SET closed at 1,637.22 points, decreased 6.54 points or 0.10% with a trading value of 43.1 billion baht. Phillip Securities stated that the Thai market had no major factor to buoy the market except for the Chim-Shop-Chai stimulus plan, but the negativities from foreign markets were higher such as the U.S. political issue, trade war and Hong Kong protest. It is expected to fluctuate with a support level at 1,630-1,620 and resistant level at 1,650.
– Institutions and Foreign Investors plunged SET by 6.5 points with a 3.55 billion baht selloff.
– TEAMG signed a contract for 2nd Runway-Taxiway Construction at U-Tapao International Airport.
– DEMCO acquired a construction project 115Kv worth 104.75 million baht.
– SAMTEL acquired service and maintenance project of Suvarnabhumi worth 395 million baht from AOT.
– SUPER filed a capital increase for SWE for 5 billion baht to support international business expansion.
– RSP signed a three-year deal to be the distributor of ECCO in Cambodia.
– Tris Rating assigned “BBB+/Stable” on BGRIM’s total ฿8bn hybrid debentures and greenshoe.
– BOT is confident that the economy in Q3 will increase, compared to Q2 from the Chim-Shop-Chai stimulus plan.
– Stocks in Focus on September 30, 2019: SEAFCO (Kasikorn Securities TP ฿9.80/share) and BDMS (Kasikorn Securities TP ฿27.10/share).
Top 10 Most Impact Shares on September 30, 2019
