Thai Stock Market Roundup on October 14, 2021

A brief summary of major changes and significant developments in the Thai stock market on October 14, 2021.

SET Index closed at 1,640.97 points, decreased 2.67 points or 0.16% with a trading value of 84.9 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session amid an acceleration of Covid-19 cases and fatalities in Thailand, resulting in a bump in reopening stocks, while also facing a profit taking. Fed’s tapering in November and a rise in inflation also pressured the market as well.

In addition, the analyst expected SET Index to move in sideways trends with a support level at 1,630 points and a resistance level at 1,655 points.

– Local Institutions withdrew 2.3 billion baht from the Thai market, plunging SET Index by 2.6 points.

TOP, PTTGC, ESSO and SPRC rallied as refinery margins reached a two-year high of US$5 per barrel amid global economic recovery from the COVID-19 pandemic.

ROJNA has acquired 51% shareholding in Herb Treasure Company Limited that operates in hemp-related business.

– The Bank of Thailand stated that the Thai economy bottomed out in the third quarter of the 2021 and would continue to recover amid high uncertainties that remain high.

TISCO reported a decline of net profit in 3Q21 by 3% due to economic slowdown from Covid-19 resurgence.

OPEC revised down estimates for global oil consumption for the rest of 2021, reducing to 5.8 million a barrel down from 5.96 million a barrel in earlier forecast.

GULF chose an equity method to record INTUCH earnings. FSSIA expects the company to record 3 billion baht of net profit in 3Q21.

BGRIM’s solar farm in Cambodia was named the best new utility of its kind by the UK-based International Finance Magazine (IFM) this year.

– Stocks in Focus on October 14, 2021: ASK (Maybank Kim Eng Securities TP at ฿55.00/share) and IIG (Finansia Syrus Securities TP at ฿41.00/share).


Top 10 Most Impact Shares on October 14, 2021

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