Thai Stock Market Roundup on June 29, 2020

– SET Index closed at 1,329.76 points, decreased 0.58 points or 0.04% with a trading value of 48.7 billion baht. The analyst stated that Asia stocks closed lower on Monday as investors weighed on the impact of coronavirus that already killed 500,000 people and infected over 10 million people globally.

The second wave could be seen in South Korea that struggled with the resurgence of new cases after the reopening economy. The country posted an average of double-digit new cases daily.

Beijing, though lower the infection rates, still posted double-digit new cases, which tied to the spread at the market.

The U.S. reported roughly 30,000-45,000 in the past week, while some states such as Texas and California had to close some of the businesses again.

However, the analyst stated that the Thai stock market negated all negativity and closed slightly lower by 0.04% due to the buying pressure on SSFX, while Dow Jones Futures and European stocks also showed some gains.

The analyst expected a sideways session for tomorrow due to concerns over coronavirus, giving a support level at 1,300-1,305 points and a resistance level at 1,330 points.

– Individuals poured 2.2 billion baht worth of Thai shares amid rising coronavirus cases that topped 10 million.

– EU will allow Thais to travel to the bloc when borders reopen on July 1.

– Japanese automakers’ global sales fell 38% in May as lockdowns slashed car demand.

– Gunmen attacked the Pakistani Stock Exchange with firearms but were killed by the police.

– Thailand to extend emergency decree until July 31, but will allow pubs and bars to open.

– “Osathanugrah Family” allocated 3% of OSP to foreign institutions.

– INSET signed a contract with KTB Computer Service to construct a data center worth ฿339mn.

– WHA entered into a joint venture to develop and operate an innovation project in Thailand.

– PRINC invested 500 million baht for “Sunpasitinter Hospital Ubon Ratchathani”, following its goal for regional expansion.

– NOK dropped 12.38% after announcing the dissolution of NokScoot.

– OSP slipped 3.18% after “Osathanugrah Family” disposed 3% of stake to foreign institutions.

– Stocks in Focus on June 29, 2020: CK (CGS Securities TP at ฿29.75/share) and SEAFCO (KTB Securities TP at ฿6.80/share).

 

Top 10 Most Impact Shares on June 29, 2020