Thai Stock Market Roundup Dec. 20
A short summary to inform you of what had happened in Thai stock market on December 20, 2018.
– Fed’s fourth rate hike by 0.25% which caused the market to plunge all day.
– IVL hastened the pace to take the 11th acquisition of 2018 in specialty PET business.
– THAI assigned “Nattapong Samit-Ampaipisarn” as Executive Vice President of Finance and Accounting.
– ITD acquired a ฿1.5 billion construction contract from Royal Thai Police.
– DOD enhanced the business by acquiring PCCA to surge above a crumbling market.
– SAWAD entered a joint venture to establish “P Lending” for supporting lending business.
– ICN’s IR Consortium had been awarded a ฿2.4 billion high-speed internet service project.
– Last minute buy almost buoyed TQM to bounce back above its IPO price on the first trading day. The share closed at ฿22.80/share, dipped ฿0.20 or 0.87% with ฿1.24 billion in value.
– GULF reached an all-time high today at ฿80.75/share with a 1 billion in value.
– Local institutions continued a buying streak for 267 million, collecting shares poured by local individuals.
– SET closed at 1,569.10 points, slid 5.02 points or 0.31% with 35 billion in value. The decline came after Fed had announced a rate hike by 0.25% last night which caused, not even SET Index, but all Asia markets to decline.