Thai Stock Market Roundup June 20, 2019

– SET closed at 1,717.82 points, hiked 11.84 points or 0.69% with a trading value of THB 75.5 billion. A positive sentiment continued to buoy the global market for a second day after Fed announced that it would maintain interest rate while investors and analysts priced in 100% probability of a rate cut in July.

– Institutions, Proprietary Trading, and Foreign Investors net bought Thai shares by THB6,342.51 million while Individuals sold the rips by THB6,342.52 million.

– Over the night, Fed had announced that the FOMC would maintain the interest rate while investors and analysts priced in that there would be a rate cut in July.

– PTTEP issued a debenture not exceeding THB 15 billion with three years of the maturity date to institutions and major investors for working capital and refinancing.

– SET announced a list of 16 securities to enter temporary trading in July, including EARTH- and IFEC that had submitted a letter to SET earlier in worry of declining in share price.

– After the announcement of temporary trading by SET, EARTH stated that it would file a petition to the Administrative Court against SET for temporary protection.

– SET urged GSTEL to submit its earlier financial statements by May 31, 2020, otherwise will face delisting.

– Analysts have agreed to give a “BUY” recommendation for AOT at the target price as high as ฿88/share after the company announced higher-than-expected minimum guaranteed from King Power.

– Thai Baht strengthened to the highest level at THB31.23 since 2013.

– The number of inbound foreign tourist fell 1.03% in May while receipt decreased by 0.95%.

– SPALI debuted its new project worth more than THB 700 million in Ubon Ratchathani.

Top 10 Most Impact Shares on June 20, 2019