Thai Stock Market Roundup on June 26, 2020
A short summary to inform investors of what had happened in the Thai stock market on June 26, 2020.
A short summary to inform investors of what had happened in the Thai stock market on June 26, 2020.
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– SET Index closed at 1,330.34 points, increased 4.46 points or 0.34% with a trading value of 47.1 billion baht. The analyst stated that the Thai stock market rebounded from yesterday’s negative territory due to hopes of a more reopening economy in July. Meanwhile, the outbreak in Thailand and the regional countries are not as severe as the U.S., which would lead to more lockdown easing.
The analyst suggested investors to keep an eye on the domestic travelling stimulus package that will be proposed to the Thai Cabinet next week, giving a support level for next week’s session at 1,300-1,310 points and a resistance level at 1,350 points.
– A window dressing worth 2.1 billion baht from Local Institutions buoyed the market to close higher by 4.46 points.
– Fed to limit Bank dividend payments due to a high degree of economic uncertainty.
– GULF rose to INTUCH’s 4th major shareholder, analysts expected a profit growth around 7-10% for the next two years.
– UREKA signed a water supply purchase contract with PWA worth ฿1.04bn.
– Analysts indicated a risk of THCOM being imposed a “Cash Balance” method on June 29.
– TRITN teamed up with “Trans Thai Railway” to penetrate the rail business.
– BGRIM signed the Ratchaphatsadu Land lease agreement to produce electricity at U-Tapao.
– SET and TFEX to extend temporary rules for short-selling and ceiling &amp; floor until September 30, 2020.
– Stocks in Focus on June 26, 2020: GGC (KGI Securities TP at ฿11.50/share) and ITEL (Finansia Syrus Securities TP at ฿3.60/share).
 
Top 10 Most Impact Shares on June 26, 2020
