Thai Stock Market Roundup on November 20, 2020

A short summary to inform investors of what had happened in the Thai stock market on November 20, 2020.

SET Index closed at 1,389.34 points, increased 19.92 points or 1.145% with a trading value of 90.5 billion baht. The analyst stated that the Thai stock market continued to outperform the others in response to the fund inflow and a positive sentiment  from the Bank of Thailand, vowing to monitor and slowly curb the baht appreciation.

The analyst advised investors to monitor the political gatherings on November 25, the coronavirus outbreak as well as the vaccine development, while the market is expected to face a profit-taking session next week due to a high rally in the past weeks, giving a support level at 1,330-1,350 points and a resistance level at 1,400-1,410 points.

– Foreign Investors lead the buying team after investing 2.3 billion baht, coupled with a combined 3.4 billion baht of net buy from Local Institutions and Proprietary Trading.

– Georgia confirmed Biden’s victory, affirming no irregularities during the election as Trump claimed.

WHO recommended against Gilead’s remdesivir, saying that the drug shows no evidence of improving survival rates.

– Analysts suggested electronic and food sectors for investment to prepare for baht depreciation.

– Stocks in Focus on November 20, 2020: MAJOR (Maybank Kim Eng TP at ฿18.20/share) and SPRC (Krungsri Securities TP at ฿10.00/share).

 

Top 10 Most Impact Shares on November 20, 2020

 

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