Thai Stock Market Roundup on September 2, 2020

A short summary to inform investors of what had happened in the Thai stock market on September 2, 2020.

SET Index closed at 1,315.88 points, increased 10.31 points or 0.79% with a trading value of 43.6 billion baht. The analyst stated that the buyback came in the afternoon session in response to the announcement of CCSA that approved a ฿3,000 financial aid to 15 million individuals and top-up benefits for domestic travellers.

Meanwhile, Dow Jones Futures also edged higher, together with the oil prices that saw a decrease in crude inventory and an uptick in demand.

The analyst stated that SET Index could face a profit taking in tomorrow’s session, giving a support level at 1,305 points and a resistance level at 1,320 points.

– Local Individuals, Local Institutions and Proprietary Trading combined a ฿1.27Bn of net buy to buoy SET Index by 10 points.

Oil surged to $46 as U.S. crude inventories fell and manufacturing began to pick up.

CCSA approved ฿3,000 financial aid to 15 million individuals and top up benefits for domestic travellers.

CPF denied the news of acquiring Taiwan-based Jih Sun Financial Holding.

Mr. Paisan Chirakitcharern, CFO of CPF, is named “Best CFO in Thailand 2020” at the Alpha Southeast Asia Magazine’s 10th Annual Institutional Investor Awards for Corporates.

– TRIS upgraded SINGER’s outlook to “Stable” with BBB- rating, reflecting strong capital.

WICE jumped 14.81%, the analyst upgraded a target price to ฿5.6 in anticipation of a robust 2H20 profit.

Dusit International chartered expansion of ASAI Hotels to meet the new-normal style.

SCM joyfully announced an oversubscribed IPO, the analyst gave a fair value at ฿2.92/share.

– Stocks in Focus on September 2, 2020: JMT (Maybank Kim Eng TP at ฿39.00/share) and SMPC (KTB Securities TP at ฿16.00/share).


Top 10 Most Impact Shares on September 2, 2020