Thai Stock Market Roundup on July 8, 2020

– SET Index closed at 1,362.46 points, decreased 10.76 points or 0.78% with a trading value of 66.2 billion baht. The analyst stated that the Thai stock market swung sideways without new positive factors to buoy the market. The movement was the same as regional markets and the European markets.

The analyst expected tomorrow’s session to continue swinging sideways with a support level at 1,360 points and a resistance level at 1,380 points.

– Local Institutions and Foreign Investors combined a net sell of 3.5 billion baht to plunge SET Index by 10.7 points

– U.S. to formally withdraw from WHO in July 2021.

– Brazil’s president Bolsonaro tested positive for coronavirus.

– Oil prices edged lower amid concerns over a resurgence of coronavirus cases.

– “AirAsia Group” posted a 17% decline after being halted by KLSE on a “going concern”.

– GULF expected ฿1.5Bn of revenue from “BKR2,” said more deals to come this year.

– Credit Suisse upgraded CPF’s target price to ฿40, expecting swine prices to remain high in 2H20.

– DEMCO acquired a substation and underground cable construction contract worth THB 153 million.

– PTT would offer two series of bonds with a 2.85% coupon rate to the general public on 20-23 July.

– Stocks in Focus on July 8, 2020: DCC (Maybank Kim Eng TP at ฿2.80/share) and OSP (KTB Securities TP at ฿50.00/share).

Top 10 Most Impact Shares on July 8, 2020