Thai Stock Market Roundup on December 21, 2020

A short summary to inform investors of what had happened in the Thai stock market on December 21, 2020.

SET Index closed at 1,401.78 points, decreased 80.60 points or 5.44% with a trading value of 129 billion baht. The analyst stated that the Thai stock market dropped lower than the market had anticipated due to the selloff pressure at the end for today’s session in concerns of the resurgence of the coronavirus outbreak in Thailand that could lead to another lockdown in the end.

The European stocks were also edging lower in today’s session due to an unfinished Brexit deal and the new variant of the coronavirus in the UK.

Nevertheless, the index declined to nearly 1,400 points, and the analyst expected to see a buyback in good fundamental stocks, giving a support level for tomorrow’s session at 1,400-1,370 points and a resistance level at 1,430-1,440 points.

– Local Institutions led the selloff team with a 7.4 billion baht of net sell, coupled with a 4.2 billion baht pull backed from Proprietary Trading to plunge SET Index by 80 points amid concerns of the new wave of coronavirus.

US to passed additional $900bn Covid-19 relief, including $30bn for vaccine budget

UK’s new strain of Covid-19 goes on a rampage with 70% faster transmission rate. Meanwhile, doctors expected existing vaccines to perform well against the new Covid-19 variants in the UK due to similar genetic.

TU to test all employees after confirming 1 coronavirus case among its employees in the Samut Sakhon branch.

UNIQ acquired the ฿86mn maintenance project for Red Line Commuter Train.

– The analyst expected outstanding improvement in PTT’s 4Q earnings as selling volume to edge higher.

PTTEP expanded overseas investment after acquiring exploration and production rights in UAE.

JR expected outstanding performance throughout 2023 with a backlog of ฿6.4bn.

– Stocks in Focus on December 21, 2020: STGT (Kasikorn Securities TP at ฿131.50/share) and TQM (Krungsri Securities TP at ฿148.50/share).

 

Top 10 Most Impact Shares on December 21, 2020

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