Thai Stock Market Roundup October 30, 2019

– SET Index closed at 1,601.83 points, increased 10.62 points or 0.67% with a trading value of 66.4 billion baht. The analyst stated that the market had a short fluctuation before the announcement of the FOMC meeting that economists gave a 95% chance a rate cut would occur but still need to see the signal for the next rate cut as well.

The Thai stock market was a technical rebound after a selloff from the stocks related to the power plant business then buys the dips on the outperform stocks such as the banking sectors which led to a rebound today.

– Institutions made a buyback to buoy the SET by 10.62 points with a net buy of ฿1.8bn.

– DEMCO consortium signed a contract with PEA for the project Mueang Ake 2 Substation at Pathum Thani province worth 270.5 million baht.

– COTTO reported a profit of 87.32 million baht in 3Q19.

– EGCO commenced the COD of 1,285MW HPP in Xayaburi, recognizing revenue from 4Q onwards.

– PTTEP 3Q19 profit edged higher by 6% from an increase in sales volume of Murphy nad Bongkot.

– THCOM reported a net loss of ฿113m from lower revenue, FX loss and loss from an investment.

– EA denied the rumor of cancellation EV order from Suvarnabhumi Pattana Credit Union.

– Stocks in Focus on October 30, 2019: MTC (Krungsri Securities TP ฿78.00/share) and DTAC (Kasikorn Securities TP ฿68.73/share).

Top 10 Most Impact Shares on October 30, 2019