Thai Stock Market Roundup December 18, 2019
A short summary to inform investors of what had happened in the Thai stock market on December 18, 2019.
– SET closed at 1,563.74 points, jumped 15.09 points or 0.97% with a trading value of 50.3 billion baht. The analyst stated that SET Index made a high jump after having been priced-in on political issues while the government denied the rumors of enforcing the Emergency Decree on Public Administration in State of Emergency.
The analyst suggested that it is a good opportunity to accumulate shares while SET is moving between 1,545-1,565 points if disregarding the political factor.
– Institutions and Foreign Investors made a huge net buy to buoy SET by 15 points.
– BANPU invested ฿23bn to take US’ Barnett shale which would hike its gas production and 1P reserve over 3 folds.
– MPC maintained the policy rate at 1.25%, asserting to stand ready to act as appropriate.
– ECF asserted that its business structure was still solid after a huge selloff in today’s session, plunging its shares to hit the floor.
– DOHOME expects to open all 90 branches of “Dohome To Go” within 2021.
– VGI had been added to SET50 while THG, TQM, STPI, BGC entered SET100.
– Stocks in Focus on December 18, 2019: PTTGC (Maybank Kim Eng TP at ฿58.00/share) and DTAC (Krungsri Securities TP at ฿70.00/share).
Top 10 Most Impact Shares on December 18, 2019
