Thai Stock Market Roundup December 3, 2019

A short summary to inform investors of what had happened in the Thai stock market on December 3, 2019.

SET closed at 1,567.63 points, slipped 1.90 points or 0.12% with a trading value of 44 billion baht. The analyst stated that the Thai stock market was able to recover from a plummet after the opening bell, still SET closed lower by 2 points.

As of now, the market is looking for new factors to potentially support the index to rise higher. The support level for tomorrow’s trading session is at 1,560-1,550 and 1,540 points and the resistance level is at 1,575-1,580 and 1,590 points.

– The non-stop selloff from Foreign Investors and Proprietary Trading plunged SET Index even further and closed 2 points lower.

JAS signed an MOU with DTAC for a strategic partnerships to offer internet services.

RATCH dissolved three subsidiaries and asserted that no effect would be caused on the operations.

NBTC insisted on holding the auction for 5G on February 16, 2020.

TMB and TCAP completed the share allotment at ฿2.16/share while it is expected that the new shares to be traded tomorrow would have a slight effect on share prices.

– Thai National Shippers’ Council Cuts Export Outlook for the 5th Time to Contract 2.5-3%.

EARTH’s shareholders appealed to the Supreme Court against KTB, claimed the latter was the reason for the plummet of EARTH’s share prices and later delisting.

– Stocks in Focus on December 3, 2019: BDMS (Maybank Kim Eng TP at ฿28.00/share) and ADVANC (Krungsri Securities TP at ฿260.00/share).

Top 10 Most Impact Shares on December 3, 2019