Thai Stock Market Roundup on September 28, 2020
A short summary to inform investors of what had happened in the Thai stock market on September 28, 2020.
A short summary to inform investors of what had happened in the Thai stock market on September 28, 2020.
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– SET Index closed at 1,263.02 points, increased 18.08 points or 1.45% with a trading value of 41.3 billion baht. The analyst stated that the Thai stock market made a rebound in today’s session, following the majority trend in global markets in response to the continuous reports on the progression of the coronavirus vaccine, in which eight drugs are currently on the third stage trial.
The domestic factors also came into play as the political issues started to ease and the Thai government announced another stimulus package for Thai tourism. The laggard shares during the past few months such as the banking sector were able to perform well in today’s session. Meanwhile, the buying pressure from a window dressing also pushed the market further.
The analyst expected the market to continue its gain, but with a limited upside in tomorrow’s session, giving a support level at 1,250-1,255 points and a resistance level at 1,275 points.
– Local Institutions buoyed the Thai stock market by 18 points with a net buy of 2,049 million baht.
– Covid-19 death toll topped 1 million.
– MK rose 8.57% after “Finansa” made a tender offer at ฿3.10/share.
– GULF soared 3.36% to ฿30.75/share as the analysts expected no selling pressure on the newly listed shares.
– The analyst expected JWD’s earnings to rebound in 2H20 on strong demand while raising a target price to ฿10.00/share.
– NRF set its IPO price at the range of 4.60 baht per share, allowing investors to subscribe on 28-30 September.
– Stocks in Focus on September 28, 2020: CBG (Krungsri Securities TP at ฿145.00/share) and AUCT (Maybank Kim Eng TP at ฿16.70/share).
 
Top 10 Most Impact Shares on September 28, 2020
