Thai Stock Market Roundup on November 1, 2021
A brief summary of major changes and significant developments in the Thai stock market on November 1, 2021.
A brief summary of major changes and significant developments in the Thai stock market on November 1, 2021.
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– SET Index closed at 1,613.78 points, decreased 9.65 points or 0.59% with a trading value of 69.8 billion baht. The analyst stated that the correction from commodity stocks, especially coal-related stocks, weighed heavily on the Thai stock market, while the market was looking ahead to the Fed’s meeting on Wednesday.
The analyst expected tomorrow’s session to rebound, giving a support level at 1,610 points and a resistance level at 1,630 points.
– A 3.5 billion baht pullback from Foreign Investors plunged SET Index by nearly 10 points.
– Stock Exchange in Beijing is expected to open as early as 15 November in a move to encourage domestic listing instead of U.S.
– Caixin/Markit Manufacturing Purchasing Managers Index (PMI) rose to 50.6 in October marking its highest reading since June. Reuters poll forecast it to remain unchanged in September at 50.0.
– In a two weeks span, the share price of coal-related stocks have fallen significantly, following China intervention on coal price.
– Shipping stocks plunged on Monday as Baltic Dry Index extended its loss to the lowest since August 2021.
– Analysts anticipate a positive sentiment toward 22 stocks with AOT, CRC and CPALL as top picks as Thailand reopens its borders to international visitors again from today.
– GLOBAL’s 3Q21 earnings increased 45% as the company applied the new strategies for managing the house brand products and sales boosting via more channels.
– Stocks in Focus on November 1, 2021: BGRIM (Maybank Kim Eng Securities TP at ฿62.00/share) and MINT (KTBST Securities TP at ฿40.00/share).
Top 10 Most Impact Shares on November 1, 2021
