Thai Stock Market Roundup on September 30, 2020
A short summary to inform investors of what had happened in the Thai stock market on September 30, 2020.
A short summary to inform investors of what had happened in the Thai stock market on September 30, 2020.
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– SET Index closed at 1,237.04 points, decreased 20.30 points or 1.61% with a trading value of 48.9 billion baht. The analyst stated that the plummet in today’s session might be due to concerns of the resume of the normal short selling and floor &amp; ceiling limitation on October 1, 2020.
The analyst expected Institutional Investors and Foreign Investors to pull back and the market could continue to fluctuate, giving a support level for tomorrow’s session at 1,230 points and a resistance level at 1,250 points.
– Foreign Investors continued to withdraw assets from the Thai stock market, plunging the index by 20 points.
– TRUE announced that the Board of Directors Meeting held on 29 September 2020 has approved the disposal of investment units of DIF for a total of 2.8%. the unitholding proportion of TRUE decreased from 26.183% to 23.379% of total investment units of the Fund.
– Analysts expected OSP, CBG and ICHI to benefit from the government’s ฿51Bn-cash handouts.
– SET reaffirmed the resume of the normal short selling and floor &amp; ceiling limitation as the stocks have less fluctuation and the coronavirus pandemic started to stabilize.
– Maybank recommended CPN’s target price at ฿66 as shopping mall traffic returns to 90%.
– BEAUTY Jumps 12.88% amid a Plummet in SET Index, Analyst Expects a Recovery in 3Q20.
– BOT reported a slight improvement in the Thai economy with a surplus in current account, largely contributed by gold exports.
– Stocks in Focus on September 30, 2020: EA (Country Group Securities TP at ฿51.00/share) and TACC (KGI Securities TP at ฿8.00/share).
Top 10 Most Impact Shares on September 30, 2020
