Thai Stock Market Roundup on July 3, 2020

– SET Index closed at 1,372.27 points, decreased 1.86 points or 0.14% with a trading value of 61.1 billion baht. The analyst stated that the Thai stock market fluctuated and traded in a narrow gap, while investors made a selloff before a long holiday, especially on the banking sector in concerns of extending mortgage from six months to two years.

In contrast to the negative sentiment plunging the market, the power-generation sector and rubber gloves companies were able to close higher due to being safe and trending stocks.

The analyst expected the index next week to move between 1,350-1,400 points.

– Individuals made a 2,798 million baht selloff before a long holiday, dragging SET Index to close 1.896 points lower.

– Goldman Sachs expected global oil demand to “fully recover” to pre-Covid19 levels in 2022.

– U.S. recorded the biggest daily jump in Covid-19 cases at 55,000.

– The Ministry of Commerce announced that June inflation expanded 1.56% and already bottomed out.

– JKN issued a debenture not exceeding 400 million baht with an interest rate of 6.60% for institutions and major investors on 21-23 July.

– EA invested 38 million baht in palm oil plant and biogas in Suratthani.

– Innotech Asset Management to launch a new Thai ESG equity fund IPO.

– RBF hit the ceiling, making an all-time high at ฿9.75/share with a trading value of 766 million baht.

– Stocks in Focus on July 3, 2020: RBF (DBS Vickers Securities TP at ฿9.50/share) and TMB (Phillip Securities TP at ฿1.30/share).

 

Top 10 Most Impact Shares on July 3, 2020