Thai Stock Market Roundup Dec. 25
A short summary to inform you of what had happened in Thai stock market on December 25, 2018.
– SAMART joined a consortium with Italthai Engineering and Sinohydro (Thailand) to acquire a ฿1.6 billion construction project from MEA.
– OSP acquired 20% stake of London’s beverage company “Basecamp Brews”.
– NPPG adjusted its food business structure by selling “Kitchen Plus” to its subsidiary.
– Administrative Court ruled out GSTEL’s business recovery procedure as its qualification on an amount of debt had not met.
– RJH sold its 18 rai land for ฿189 million with an expectation of completion in second quarter of 2019.
– SMM reached ceiling three-day straight after TOA’s “Tungkarawakul” took over backdoor listing.
– “Tawit” and the Group had taken IFEC’s director spots with unanimously votes.
– AOT projected 11.8% increase of passenger in six airports during new year event, reaching 3.18 million people.
– Local institutions decided to start its selloff after a long streak of buying, poured ฿2.91 billion back to the market along with a combination of ฿780 million from proprietary trading and foreign investors, while local individuals saw the opportunity to buy the dips at its lowest.
– SET closed at 1,556.65 points, dived 34.64 points or 2.18% with ฿33 billion in value. The volatility and negative sentiment from Wall Street hit Asia markets on December 25. NIKKEI entered bear market after closing at 19,155.74 points, slumped more than 1,010 points or 5%. It was the worst December in Japan stock history. European stocks and Wall Street will be closed during Christmas, giving a short break for this landslide in the market.
Top 10 Most Impact Shares on December 25, 2018
