Thai Stock Market Roundup December 30, 2019
A short summary to inform investors of what had happened in the Thai stock market on December 30, 2019.
– SET closed at 1,579.84 points, increased 1.62 points or 0.10% with a trading value of 29.5 billion baht. The analyst stated that the index moved in a narrow gap on the last trading day of 2019 with a little surge in the afternoon session, but got pressured by profit-taking which was an ordinary buy-sell session.
The market still awaited positive sentiment to spur investors’ confidence in which 2020 could be the year as the trade deal between the U.S. and China had a better look, although a little concern over how many phrases would it take to complete the whole deal.
The outlook would be better than in 2019, and BOT forecasted a GDP growth of 2.8% next year.
– Institutions made a four-day buying streak for a total of 8.47 billion baht to buoy SET Index by 1.62 points on the last trading day of 2019.
– BGRIM officially announced the COD of 4.8MW waste to energy power project.
– SCN disposed of its “Mitsubishi Auto” dealership, booked ฿310 million to strengthen energy businesses.
– BJC dipped 2.89% while CPF declined 3.02% over the report of taking over “Tesco” with ฿300bn of investment.
– BOT believed Thai export to start to recover in December 2019, expecting GDP to grow 2.8% in 2020 along with a smooth trade deal.
– IP declined 9.29% to an all-time low while analysts still expected 48% growth in profit next year.
– Stocks in Focus on December 30, 2019: CPF (Asia Wealth Securities TP at ฿31.00/share)
Top 10 Most Impact Shares on December 30, 2019
