Thai Stock Market Roundup September 25, 2019

– SET closed at 1,628.38 points, fell 2.12 points or 0.13% with a trading value of 44.8 billion baht. The decline of the Thai stock market was better than the major regional market. Nikkei fell 0.36%, SSEC plunged 1.00%, HSI declined 1.28%, ASX 200 slipped 0.57% and Kospi lost 1.32%.

The market faced negative sentiment from the political issues in the U.S. and Brexit which caused uncertainty to investors and led to a selloff. Meanwhile, the MPC maintained the policy rate at 1.50%, but lower 2019 GDP to 2.8%, making an expectation from investors that the MPC will cut the rate in the future.

– Individuals kept on buying but lost to the selloff from Prop Trade and Foreign Investors at a total value of 1,000 million baht to plunge SET by 2.12 points.

– BWG commenced the operation of 7MW industrial waste to PEA.

– CK signed the contract with Thai Red Cross Society worth 2.16 billion baht.

– THAI’s Boards of Directors requested the executives to review the plan on purchasing new aircraft while “Sumeth” passed the evaluation from the Boards.

– PSTC inked the deal to book 3 billion baht from selling TPN’s shares to EGGO, aiming to use the amount for future projects and working capital.

– MPC voted unanimously to keep the policy rate at 1.50% while cutting 2019 GDP from 3.3% to 2.8%.

– GUNKUL signed an MOU with Naresuan University to develop smart-grid technology and smart city.

– JAS affirmed a certainty of the special dividend after its profit was lowered to 7-8.5 billion baht from selling assets to JASIF.

– AQ filed a civil lawsuit to KTB, claiming 3.9 billion baht from court order violation.

– Stocks in Focus on September 25, 2019: SPA (Krungsri Securities TP ฿16.20/share) and TTW (KTB Securities (Thailand) TP ฿14.25/share).

 

Top 10 Most Impact Shares on September 25, 2019