Thai Stock Market Roundup September 20, 2019
A short summary to inform investors of what had happened in the Thai stock market on September 20, 2019.
– SET closed at 1,636.20 points, decreased 4.46 points or 0.27% with a trading value of 68.4 billion baht. An analyst from KT Zmico saw today’s session as a technical downtrend after plunging lower than 1,660 points and then 1,640 points along with a plummet of exports and imports data that were worse than the estimation. Ministry of Commerce said that the decline was due to the worry on the U.S.-China trade war and the global economic slowdown.
Nevertheless, investors are recommended to keep a close eye on the upcoming trade talks between the U.S. and China as well as the MPC meeting next week.
– Individual Investors invested 2.29 billion baht to buy the rips while Institutions continued their selloff for another 1.32 billion baht.
– TCAP announced a dividend payment at ฿1.20/share, XD Oct. 3.
– BCPG acquired 100% shares of Nam San 3A, aiming to fully operate hydro PP in Laos.
– PTT appealed to Supreme Court to revoke the Civil Court’s order of ฿390m payment to RPC.
– VL is confident about making a revue growth by 20% in 2019 from the high season along with an increase of 95% in cargo ship operation.
– Ministry of Commerce said August exports plunged 4%, imports fell 14.6% with $2bn trade surplus.
– PTG fell 6.42% ATC. The analyst stated that the price was below valuation, looking for a technical rebound.
– KBANK invested 5 million baht to establish a subsidiary AI GEN to develop technology for the company.
Top 10 Most Impact Shares on September 20, 2019
