Thai Stock Market Roundup on August 30, 2021
A brief summary of major changes and significant developments in the Thai stock market on August 30, 2021.
A brief summary of major changes and significant developments in the Thai stock market on August 30, 2021.
30 ส.ค. 2564

– SET Index closed at 1,633.77 points, increased 22.57 points or 1.40% with a trading value of 116 billion baht. The analyst stated that the Thai stock market moved in the same direction of regional and European markets after the U.S. Federal Reserve signalled for a slower-than-expected rate hike.
Meanwhile, the Thai stock market also received positive sentiment from the lockdown easing and the decline of new Covid-19 cases.
The analyst advised investors to monitor the Thai Cabinet meeting to see if there are further measures on the lockdown. Moreover, the MSCI Rebalance will be reported on August 31, 2021, which could have a slight impact on the Thai banks.
In addition, the analyst expected SET Index to move within the range tomorrow, giving a support level at 1,600 points and a resistance level at 1,630-1,645 points.
– Individuals net sold 3.6 billion baht of Thai shares for profit after Foreign Investors and Local Institutions buoyed the market 22.5 points higher.
– LEO expects Cardinal Maritime (Thailand) to create synergy and joint collaboration with Cardinal Maritime UK to expand and increase business in the UK and North Europe market.
– AAV and BA continued a rally as the two airlines will resume their domestic flights in early September 2021 after the government has lessened some COVID-19 restrictions.
– Oil-related stocks edged higher after crude oil gained 11% last week in response to rising demand, especially in the U.S. market.
 
Top 10 Most Impact Shares on August 30, 2021
