Thai Stock Market Roundup January 13, 2020
A short summary to inform investors of what had happened in the Thai stock market on January 13, 2020.
– SET closed at 1,586.16 points, increased 5.53 points or 0.35% with a trading value of 65 billion baht. The analyst stated that the share in stock markets jumped in today’s session as investors waited to hear positive development in the first day of visiting Washington by the Chinese VP Liu He to sign the “Phase One” trade deal.
The rise in the construction sector in the SET Index also support the market after the draft budget was approved by the parliament.
The analyst expected SET to move sideways to sideways up in tomorrow’s trading session with a support level at 1,575-1,580 points and a resistance level at 1,590 points.
– Proprietary Trading and Individuals combined 1.45 billion baht of net buy to buoy SET Index by 5.5 points.
– PSE suspended the trading session on Monday after a volcano spewed ash and steam.
– THAI canceled flights due to eruption of Taal Volcano, Luzon Island.
– GULF and BGRIM skyrocketed to all-time highs in response to project signings worth billions of baht.
– DEMCO planned to advance in bidding projects from government and private companies to support its backlog over 3 billion baht.
– BEC joined hands with “Tencent” to pick popular TV series to promote in WeTV to expand the customer base.
– ASAP CEO predicted car rental would grow according to the global trends.
– Saudi backed Trump’s action in the Middle East by saying “He Can Do Whatever He Wishes”.
– Stocks in Focus on January 13, 2020: BEM (Maybank Kim Eng TP at ฿12.00/share) and TISCO (Finansia Syrus Securities TP at ฿112.00/share).
Top 10 Most Impact Shares on January 13, 2020
