Thai Stock Market Roundup on October 29, 2020
A short summary to inform investors of what had happened in the Thai stock market on October 29, 2020.
A short summary to inform investors of what had happened in the Thai stock market on October 29, 2020.
30 ต.ค. 2563

– SET Index closed at 1,201.64 points, decreased 6.30 points or 0.52% with a trading value of 50.8 billion baht. The analyst stated that Asia markets closed slightly lower after a huge plummet in the U.S. and European yesterday due to concerns of rising coronavirus cases.
Meanwhile, the Thai stock market was pressured by the political concerns as protesters announced that they would hold another gathering today.
The analyst suggested investors to monitor the earnings of listed companies that will be announced in the upcoming weeks as well as the progress of the coronavirus outbreak, giving a support level for SET Index in tomorrow’s session at 1,190-1,195 points and a resistance level at 1,205-1,210 points.
– Foreign Investors led the selloff with 1.17 billion baht, coupled with a total of 200 million baht net sell from Local Institutions Proprietary Trading.
– Boeing planned to cut 7,000 more jobs as prolonged pandemic and 737 Max grounding tumbled its 3Q20 earnings.
– Germany and France imposed another lockdown to wrestle coronavirus under control.
– TVD invested 12.9 million baht for land and building purchasing to establish a distribution center in Chiang Mai.
– Stocks in PTT Group slipped as oil prices dropped more than 5% last night amid Covid-19 fear.
– BA resumed its Bangkok – Krabi operation with two flights per day, starting November 1, 2020.
– STA continued to rally in response to higher rubber prices.
– PTTEP reported a 72% increase in 3Q profit as performance recovered from the oil slump in 2020.
– SCC’s 3Q profit jumped 57% to ฿9.7Bn due to a better cement-building materials business.
– Stocks in Focus on October 29, 2020: INTUCH (Krungsri Securities TP at ฿74.00/share) and GLOBAL (KGI Securities TP at ฿22.50/share).
 
Top 10 Most Impact Shares on October 29, 2020
