Thai Stock Market Roundup October 4, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 4, 2019.
– SET closed at 1,605.96 points, declined 4.73 points or 0.29% with a trading value of 37.8 billion baht. KT Zmico stated that most of the Asia stock markets closed lower as well as the Dow Jones Future due to no new positive factor to buoy the market.
KT Zmico advised to keep an eye on the development of the U.S.-EU trade war and the U.S.-China trade war, setting a support level at 1,590-1,560 and a resistant level at 1,640.
– Foreign Investors net sold 1,734 million baht of Thai shares to plunge SET by almost 5 points.
– JKN announced that all three JKN-CNBC programs will be returned within this quarter, maintaining a +20% growth in revenue.
– NWR was awarded two more construction projects worth 432 million baht.
– THAI asserted that the company still had cash flow enough for its business.
– CNS rose 56% after the Board of Directors approved the major shareholder to make a tender offer at ฿2.51/share before delisting from the market.
– BCP issued a subordinated bond not exceeding 10 billion baht, offering to institutions and the public on 15-17 October.
– LPN issued a three-year debenture not exceeding 1 billion baht, offering to institutions and major investors on 8-9 October to use as working capital.
– Stocks in Focus on October 4, 2019: GPSC (Krungsri Securities TP ฿78.00/share), JMT (Krungsri Securities TP ฿24.00/share) and WORK (Maybank TP ฿21.70/share).
Top 10 Most Impact Shares on October 4, 2019
