Thai Stock Market Roundup on September 7, 2021

– SET Index closed at 1,636.45 points, decreased 11.92 points or 0.72% with a trading value of 101 billion baht. The analyst stated that the pullback in late afternoon caused the Thai market to fall, especially for big-cap stocks that RSI indicated overbought.

Nevertheless, the analyst noted that the sentiment remained positive and advised investors to focus on small and mid-cap stocks.

In addition, the analyst expected the Thai market to continue retreating due to the profit-taking in big-cap stocks, giving a support level at 1,630-1,615 points and a resistance level at 1,645 points.

– Local Institutions and Foreign Investors continued to pressure the market with a net sell of 2,000 million baht.

– China announced surprisingly higher-than-expected trade data in August that beat an earlier forecast of slowing down.

– The share price of THCOM rose 15%. Bualuang Securities recommended a “BUY” rating with a target price of 13.40 baht.

– Sea freight stocks edged lower as Baltic Dry Index continued to drop.

– Easing of lockdown would add to the strength of the currency pair, which investors are closely monitoring.

– TIPH gained as much as 16% on the first trading day in place of Dhipaya Insurance Public Company Limited.

– Bankruptcy Court Appoints NOK for Next Hearing to Consider Rehab Plan on Sept. 15.

– Sarath Ratanavadi, Yupapin Wangviwat and Smith Banomyong took positions in the Board of Directors of INTUCH.

– Stocks in Focus on September 7, 2021: COM7 (Maybank Kim Eng Securities TP at ฿82.00/share) and SCGP (KGI Securities TP at ฿17.70/share).

 

Top 10 Most Impact Shares on September 7, 2021