Thai Stock Market Roundup on September 30, 2020

– SET Index closed at 1,237.04 points, decreased 20.30 points or 1.61% with a trading value of 48.9 billion baht. The analyst stated that the plummet in today’s session might be due to concerns of the resume of the normal short selling and floor & ceiling limitation on October 1, 2020.

The analyst expected Institutional Investors and Foreign Investors to pull back and the market could continue to fluctuate, giving a support level for tomorrow’s session at 1,230 points and a resistance level at 1,250 points.

– Foreign Investors continued to withdraw assets from the Thai stock market, plunging the index by 20 points.

– TRUE announced that the Board of Directors Meeting held on 29 September 2020 has approved the disposal of investment units of DIF for a total of 2.8%. the unitholding proportion of TRUE decreased from 26.183% to 23.379% of total investment units of the Fund.

– Analysts expected OSP, CBG and ICHI to benefit from the government’s ฿51Bn-cash handouts.

– SET reaffirmed the resume of the normal short selling and floor & ceiling limitation as the stocks have less fluctuation and the coronavirus pandemic started to stabilize.

– Maybank recommended CPN’s target price at ฿66 as shopping mall traffic returns to 90%.

– BEAUTY Jumps 12.88% amid a Plummet in SET Index, Analyst Expects a Recovery in 3Q20.

– BOT reported a slight improvement in the Thai economy with a surplus in current account, largely contributed by gold exports.

– Stocks in Focus on September 30, 2020: EA (Country Group Securities TP at ฿51.00/share) and TACC (KGI Securities TP at ฿8.00/share).

Top 10 Most Impact Shares on September 30, 2020