Thai Stock Market Roundup September 4, 2019
A short summary to inform investors of what had happened in the Thai stock market on September 4, 2019.
– SET closed at 1,658.64 points, increased 16.39 points or 1% with a trading value of 64.8 billion baht. The index surged since the opening from the positive sentiment in the regional markets while edging higher after the announcement of formally withdrawn the extradition bill from Hong Kong Chief Executive Carrie Lam.
The analyst expects SET still have a small gap to gain while setting a support level at 1,650-1,640 and resistance level at 1,670-1,680.
– Individual Investors poured nearly 2 billion baht for profit-taking after SET rose more than 16 points.
– RAM spent ฿451m to increase its stake in THG to 5.5% while expecting for business expansion in the provincial area.
– KTBST upgraded TMB to “BUY” with a target price at ฿1.86, seeing an inexpensive valuation.
– SET inked an MoU with EGAT to foster wholesale electricity market, forwarding to be ASEAN’s trading hub
– Stocks in Focus on September 4, 2019: JMT (Krungsri Securities / IAA Consensus TP ฿24.00/share) and INTUCH (Finansia Syrus Securities TP ฿67.00/share).
– EGCO gained 4% at the closing before posting XD sign tomorrow.
– AJA debuted the first Thai karaoke application “EZ-OK,” expecting one million subscribers in one year.
– EPG was confident in the second-half performance to continue its growth from lower feedstock price and higher sales.
– Moody’s revised Thailand outlook to positive after economic had become more stable.
Top 10 Most Impact Shares on September 4, 2019
