Thai Stock Market Roundup December 6, 2019
A short summary to inform investors of what had happened in the Thai stock market on December 6, 2019.
– SET closed at 1,558.99 points, decreased 6.46 points or 0.41% with a trading value of 41.1 billion baht. The analyst stated that the market performed well in the morning session, being able to rebound after a losing streak. However, due to long holiday, the volume today and supposedly next Monday would be quite low.
Even though China had announced that it would waive import tariffs on U.S. soybean and pork shipments, Beijing had yet to be revealed the quantity while December 15 is near and there is still no promising signs from both sides.
The analyst expected the trading session next week would be volatile, setting a support level at 1,550-1,545 points and a resistance level at 1,580 points.
– Foreign Investors and Proprietary Trading poured another ฿2bn to plunge SET Index by 6 points.
– Aramco priced its IPO at $8.53, pumping market valuation to $1.7 trillion to become the biggest in history.
– IVL gained 1.56% amid a plummet in the market.
– CK signed a ฿6.6bn construction contract of Rama 3-Dao Khanong-Western Expressway.
– GUNKUL acquired maintenance of substation project worth 144.4 million baht.
– Stocks in Focus on December 6, 2019: IVL (Krungsri Securities TP at ฿45.00/share) and TU (Krungsri Securities TP at ฿18.10/share).
Top 10 Most Impact Shares on December 6, 2019
