Thai Stock Market Roundup October 28, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 28, 2019.
– SET closed at 1,596.48 points, increased 3.20 points or 0.20% with a trading value of 49.8 billion baht. Analyst saw a short recovery after the market faced a huge plummet last Friday as well as after the opening bell which caused investors to buy the rips at the lower price. Meanwhile, the market closed inline with the regional market, but still needed to be cautious on the announcement of the trade deal and the meeting of FOMC this week.
– Institutions and Individuals helped buoy SET Index by 3 points with 1.15 billion baht of net buy.
– CFRESH and ASIAN were in a bad shape for fear of revoking GSP while TU declined the least.
– CPF and RBF asserted that the scrapping of GSP by the U.S. would not affect its business.
– TU stated that there will be no material impact on its operations after the scrapping of GSP by the U.S.
– SCC’s weak chemical business and lower product margin plunge 3Q profit by 35%.
– RS acquired “Thai Fight” to air on Channel 8.
– Stocks in Focus on October 28, 2019: BEM (Asia Wealth Securities TP ฿12.50/share) and Seafood Business (ASIAN TP ฿6.50/share, TU TP ฿23.00/share)
Top 10 Most Impact Shares on October 28, 2019
