Thai Stock Market Roundup May 24, 2019

– SET closed at 1614.12 points, increased by 4.33 points or 0.27% with a trading value of THB 55.15 billion. The index opened with a plummet of 5 points, but after some ups and downs, it was able to close 4.33 points higher than yesterday. Analysts stated that the index saw some buy pressure after series of plummets after Trump levied Chinese import tariffs. At 17:05 local time in Bangkok, Dow Jones Future rose 163.0 points or 0.64% to 25,626.0 points. It had been reported that Trump would want to include Huawei in the trade deal which meant once the deal is reached, the restriction on Huawei would be lifted.
– Prop Trade, Foreign Investors and Individuals combined a total of THB 2 billion to ward off Institutions’ huge selloff.
– “Krungsri Asset” quitted on BEAUTY, poured almost 2% back to Thai market.
– U established a subsidiary in Romania for shareholding restructure plan of the hotel business.
– Trump tried to get an upper hand, including “Huawei” in the trade deal package.
– SCC invested THB 82 million in a JV with BERJAYA in Indonesia to produce PVC finished products.
– U.K.’s May succumbs to pressure, announcing to step down on June 7.
– PTTOR debuted two Cafe Amazon in Singapore, aiming to penetrate international markets.
– PRIN aimed to issue two series of debenture not exceeding THB 900 million.

Top 10 Most Impact Shares on May 24, 2019