Thai Stock Market Roundup on August 4, 2020

– SET Index closed at 1,330.81 points, increased 9.58 points or 0.72% with a trading value of 55.1 billion baht. The analyst stated that the Thai stock market moved in a positive direction over anticipation of a recovery in European economies.

Meanwhile, the infectious pace of coronavirus slowed down slightly compared to its speed in earlier months.

The analyst expected positive sentiments to remain in tomorrow’s session, but the development between the U.S. and China could shake investors’ sentiment as well. The policymakers were expected to maintain the interest rate in its Monetary Policy Meeting tomorrow.

The support level for tomorrow’s session is at 1,315 points and the resistance level is at 1,340 points.

– A 2.4 billion baht of Local Institutions’ net bought buoyed SET Index by 9.5 points.

– SET will delist GOLD from the market on August 11 after the takeover by FPT.

– IVL acquired a 27,000 tonnes/annum PET recycling facility in Poland.

– STARK’s 2Q20 profit expanded over 50 folds to 440 million baht.

– SICT hit the ceiling for the fourth-straight day.

– THAI hit the ceiling for the second-straight day.

– Treasury Department to decide a rent waiver for AOT, the analyst gave a target price at ฿57.00/share.

– FTREIT sought unitholders’ approval to acquire ฿6Bn of high-potential assets to drive the portfolio’s value over ฿45Bn.

– Stocks in Focus on August 4, 2020: BJCHI (Maybank Kim Eng TP at ฿2.30/share) and GPSC (KGI Securities TP at ฿81.00/share).

 

Top 10 Most Impact Shares on August 4, 2020