Thai Stock Market Roundup December 16, 2019
A short summary to inform investors of what had happened in the Thai stock market on December 16, 2019.
– SET closed at 1,549.74 points, decreased 24.17 points or 1.54% with a trading value of 53.9 billion baht. The analyst stated that the main factor for today’s plummet that caused the Thai stock market to close lower than any other regional markets was due to the political factor in Thailand. The dissolve of the Future Forward Party is coming and some investors already anticipated that as well as an expectation of the possibility of a huge gathering soon.
– Foreign Investors poured 4.8 billion baht, combined with another 1.1 billion baht selloff from Institutional caused SET to plunge 24 points in today’s trading session.
– BAM jumped 5% at the open but closed flat on its first trading day at ฿17.50/share amid negativity in the market.
– INGRS issued a dividend payment at ฿0.026/share, XD on December 30.
– ALL signaled an outstanding quarter in Q4 after receiving positive factors from the government stimulus package.
– KUN made a comeback in 3Q to book ฿15m of profit from transferring big projects.
– PTTEP set a five-year investment plan with an expenditure of 743 billion baht.
– CHOW’s steel billets factory will restart the production for 480,000/year soon.
– Stocks in Focus on December 16, 2019: OSP (KTB Securities (Thailand) TP at ฿50.00/share) and QH (Asia Wealth Securities TP at ฿3.30/share).
Top 10 Most Impact Shares on December 16, 2019
