Thai Stock Market Roundup on November 18, 2020

A short summary to inform investors of what had happened in the Thai stock market on November 18, 2020.

SET Index closed at 1,364.59 points, increased 14.78 points or 1.09% with a trading value of 66.8 billion baht. The analyst stated that SET Index outperformed regional markets in today’s session amid political issues that were expected to end within today if confrontation could be avoided. As for foreign investors, the analyst expected further fund inflow due to baht appreciation.

Meanwhile, the European markets and Dow Jones Futures were slightly lower due to the spread of coronavirus, resulting in a partial lockdown in some areas.

OPEC and its allies were set to meet later this month to discuss their production plans in 2021. The analyst expected the group to extend production cuts at 7.7 million barrel per day for another three months.

In addition, the analyst expected a swing in tomorrow’s session, giving a support level at 1,340 points and a resistance level at 1,360 points.

– Foreign Investors buoyed SET Index nearly 15 points with a 4.1 billion baht of net buy amid political concerns in Thailand.

Bill Gates predicted over 50% of travel business would fade away in the post-pandemic world.

MPC voted unanimously to keep the policy rate at 0.50% as the economy recovered at a slow pace.

MINT maintained its status in Dow Jones Sustainability Indices and Thailand Sustainability Investment.

SAWAD and GSB jointly invested in the auto-title loan business. Meanwhile, SAWAD  also joined NOBLE to further NPL business.

BIG acquired “PICCASUS” to support the distribution of camera products and equipment.

– Ministry of Transport halted BTS’ 30-year Green Line concession in dispute of train fares.

– The analyst expected “Pee Berm” to strengthen KTC’s profit in 2021, raising a the target price to ฿45.00/share.

PTT appointed “Thosaporn Sirisumphand” as independent director, effective from November 18, 2020.

– Stocks in Focus on November 18, 2020: SAWAD (Krungsri Securities TP at ฿61.00/share) and PTT (KGI Securities TP at ฿42.00/share).

 

Top 10 Most Impact Shares on November 18, 2020

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