Thai Stock Market Roundup on October 22, 2020
A short summary to inform investors of what had happened in the Thai stock market on October 22, 2020.
A short summary to inform investors of what had happened in the Thai stock market on October 22, 2020.
11 ส.ค. 2564

– SET Index closed at 1,213.61 points, decreased 2.87 points or 0.24% with a trading value of 66.2 billion baht. The analyst stated that the Thai stock market faced a selloff before closing as the market will enter a long holiday while the political unrest remained even though the government lifted a severe state of emergency in Bangkok.
The IMF stated that the Asia GDP would shrink by 2.2% in 2020, which was more than it previously thought. Meanwhile, the European stocks open lower as the stimulus bills in the U.S. dragged on.
The analyst expected the trading session for next week to be dull as political issues would remain a negative sentiment to the market, giving a support level at 1,200 points and a resistance level at 1,220 points.
– Local Institutions net sold 5.1 billion baht, coupled with a selling pressure of 661 million baht from Foreign Investors to plunge SET Index nearly 3 points at the closing.
– Thailand’s government lifted a severe state of emergency in Bangkok.
– Thai banks earnings in 3Q dropped 44% after raising provisions for bad debts amid Covid-19 crisis.
– BAY reported a slight drop of 3Q profit by 6.8%, recording6.1Bn for the quarter.
– RBF established “RBJ Co., Ltd.” to distribute medicinal plants.
– SCGP closed flat on its first trading day. SCGP planned to continuously invest in ASEAN region aiming to meet customers’ diverse needs, especially packaging for consumer products in high growth potential segments.
– PTT took the situation under control and extinguished the fire at “Bang Bo District”.
– Stocks in Focus on October 22, 2020: TU (Krungsri Securities TP at ฿17.60/share) and AP (DBS Vickers TP at ฿8.10/share).
 
Top 10 Most Impact Shares on October 22, 2020
