Thai Stock Market Roundup October 1, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 1, 2019.
– SET closed at 1,624.09 points, declined 13.13 points or 0.80% with a trading value of 40.8 billion baht. The decline in the opposite direction of major regional markets was mainly due to a selloff of bluechip stocks and an outflow after an appreciation of the greenback.
Nomura Securities stated that the market still had a potency to rebound in tomorrow’s trading session, giving a support level at 1,620-1,612 and a resistance level at 1,640-1,645.
– Institutions and Foreign Investors continued the selling of Thai shares for an accumulate of 3.8 billion baht, plunging SET by 13 points.
– SAMART joined a consortium for the construction of an underground substation worth 780 million baht.
– DEMCO acquired a turnkey contract for construction and improvement overhead electricity distribution system to be underground cable worth 227.80 million baht.
– TBANK and GSB signed an agreement to sell TFUND to “Prudential” worth 8.4 billion baht.
– CPT rose 13.54% after its Board of Directors approved a new group of shareholders to hold stakes as well as taking positions in the company.
– CHO aimed to issue a two-year debenture not exceeding 300 million baht with an interest rate of 7% to major investors and institutions.
– IEAT inked the deal with GULF–PTT to develop MTP 3, expecting to be fully opened in 2025.
– CHAYO announced a share-cash dividend payment, XD November 15, 2019.
– ILM joined hands with ORI to establish “Move DD” to provide logistic services for moving house and condo.
– GULF expected continuous growth of profit in 2020 from a COD of a total of 140 MW power plants.
– Stocks in Focus on October 1, 2019: GFPT (Krungsri Securities TP ฿21.00/share) and CK (KGI Securities TP ฿32.75/share).
Top 10 Most Impact Shares on October 1, 2019
