Thai Stock Market Roundup on August 3, 2020
A short summary to inform investors of what had happened in the Thai stock market on August 3, 2020.
– SET Index closed at 1,321.23 points, decreased 7.30 points or 0.55% with a trading value of 54.7 million baht. The analyst stated that most of the regional markets moved in negative territories as the market lacked the drive. Meanwhile, the uncertainties between the U.S. and China, and increasing coronavirus cases that recently topped 18 million still putting weight on investors’ sentiment.
The analyst suggested investors wait for Thailand’s monetary policy meeting on Wednesday and the announcement of list-company earnings.
The support level for tomorrow’s session is 1,310-1,300 points and a resistance level is 1,320-1,340 points.
– Foreign Investors led Local Investors and Proprietary Trading in a selloff worth 2.1 billion baht to plunge SET Index by 7.3 points.
– Worldwide coronavirus cases topped 18 million while countries struggled to contain the spreading.
– White House said the U.S. Election will be held on Nov 3 as planned.
– BANPU acquired a 37.6MW wind farm in Vietnam worth ฿2Bn, expecting to take place in 4Q20.
– BCPG to invest in a 20MW solar farm, expecting revenue recognition in 3Q20 onwards.
– UNIQ’s JV acquired a construction project of a water-distribution canal worth ฿2.76Bn.
– IVL affirmed of no danger to its olefins facility in the USA after the lightning strike incident.
– ETC set its IPO price at 2.60 baht.
– GPSC issued green bonds worth 5 billion baht to institutions and major investors.
– THAI hit the ceiling as the directors expected the business to recover within 3-5 years.
– SICT hit the ceiling for three-day straight.
– Stocks in Focus on August 3, 2020: WHA (KTB Securities TP at ฿3.80/share) and CPN (KGI Securities TP at ฿55.50/share).
Top 10 Most Impact Shares on August 3, 2020
