Thai Stock Market Roundup on September 7, 2021
A brief summary of major changes and significant developments in the Thai stock market on September 7, 2021.
A brief summary of major changes and significant developments in the Thai stock market on September 7, 2021
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– SET Index closed at 1,636.45 points, decreased 11.92 points or 0.72% with a trading value of 101 billion baht. The analyst stated that the pullback in late afternoon caused the Thai market to fall, especially for big-cap stocks that RSI indicated overbought.
Nevertheless, the analyst noted that the sentiment remained positive and advised investors to focus on small and mid-cap stocks.
In addition, the analyst expected the Thai market to continue retreating due to the profit-taking in big-cap stocks, giving a support level at 1,630-1,615 points and a resistance level at 1,645 points.
– Local Institutions and Foreign Investors continued to pressure the market with a net sell of 2,000 million baht.
– China announced surprisingly higher-than-expected trade data in August that beat an earlier forecast of slowing down.
– The share price of THCOM rose 15%. Bualuang Securities recommended a “BUY” rating with a target price of 13.40 baht.
– Sea freight stocks edged lower as Baltic Dry Index continued to drop.
– Easing of lockdown would add to the strength of the currency pair, which investors are closely monitoring.
– TIPH gained as much as 16% on the first trading day in place of Dhipaya Insurance Public Company Limited.
– Bankruptcy Court Appoints NOK for Next Hearing to Consider Rehab Plan on Sept. 15.
– Sarath Ratanavadi, Yupapin Wangviwat and Smith Banomyong took positions in the Board of Directors of INTUCH.
– Stocks in Focus on September 7, 2021: COM7 (Maybank Kim Eng Securities TP at ฿82.00/share) and SCGP (KGI Securities TP at ฿17.70/share).
 
Top 10 Most Impact Shares on September 7, 2021
