Thai Stock Market Roundup November 6, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 6, 2019.
– SET closed at 1,623.99 points, decreased 2.88 points or 0.18% with a trading value of 62.1 billion baht. The analyst stated that the Thai stock market faced a volatile session today after the banking sector rose in the morning then decline in the afternoon after the announcement of the rate cut.
The index is expected to swing sideways in tomorrow’s session with a support level at 1,620 points and a resistance level at 1,630-1,637 points.
– Institutions began its profit-taking with an 880 million baht selloff to plunge SET by 3 points.
– MPC voted 5:2 to cut the policy rate to 1.25%.
– MTC showed an increase of 22% in revenue, pumped 3Q19 profit to jump 12%.
– SPRC‘s low sales revenue and stock loss caused a net loss in 3Q at ฿924m.
– GPSC booked a slightly lower profit in 3Q at ฿893m, 9-month still records a 2% growth.
– SCN’s profit plunged 39% to book ฿18m in 3Q19 as the cost for gas business rose.
– U had no plans for NMG’s capital increase, said that the company and NMG had different business directions.
– Stocks in Focus on November 6, 2019: PRM (Kasikorn Securities TP ฿10.60/share) and SCC (Maybank Kim Eng TP ฿420.00/share).
Top 10 Most Impact Shares on November 6, 2019
