Thai Stock Market Roundup on October 14, 2020

A short summary to inform investors of what had happened in the Thai stock market on October 14, 2020.

SET Index closed at 1,263.99 points, decreased 9.44 points or 0.74% with a trading value of 51.8 billion baht. The analyst stated that the Thai stock market faced pressure from yesterday’s plummet in the U.S. market after a pause in vaccine trials while the political gathering from pro-democracy protestors today continued to weigh on the market sentiment.

The analyst advised investors to keep an eye on earnings of the banking sector that should be sequentially announced in this and next week, giving a support level at 1,250 points and a resistance level at 1,275 points.

– Foreign Investors retreated with 2.6 billion baht amid uncertainties in Thailand’s political issues.

U.K. Labour Party accused Boris Johnson of ignoring SAGE’s advice on curbing Covid infection and advised a short lockdown to ease the rate.

IMF had a better view on Thailand’s GDP, expecting to contract 7.1% in 2020 instead of its earlier forecast by 7.7%.

– The World Bank funded $12 billion to developing countries for Covid-19 vaccines.

HANA closed 14% higher in response to the new iPhone 12 and higher demand for semiconductors.

NRF skyrocketed 15.5%, expecting to promote plant-based foods during the vegetarian festival.

– Stocks in Focus on October 14, 2020: OSP (KTB Securities TP at ฿54.00/share) and COM7 (Maybank Kim Eng TP at ฿45.50/share).

 

Top 10 Most Impact Shares on October 14, 2020

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