Thai Stock Market Roundup on October 18, 2021

A brief summary of major changes and significant developments in the Thai stock market on October 18, 2021.

SET Index closed at 1,643.92 points, increased 5.58 points or 0.34% with a trading value of 80 billion baht. The analyst stated that the energy and banking sectors were able to hold SET Index higher amid disappointment in China’s GDP growth, while the reopening plays faced a profit taking.

The analyst expected SET Index to move in sideways trends within a limited range, giving a support level at 1,635 points and a resistance level at 1,650 points.

– Foreign Investors net bought 3,773 million baht of Thai shares, pushing SET Index 5.5 points higher.

– U.S sour crude sees more demand from Asia as crude prices against Brent are rallying on higher price levels.

Thai Union Feedmill, a subsidiary of Thai Union, sets IPO price at 13.50 baht per share and expects to enter the Thai stock market late October.

BGRIM has maintained its leading position as a listed company with sustainable operations after being listed on “Thailand Sustainability Investment (THSI)” for the 4th consecutive year.

– Damrongchaitham family transferred a total of 52% shareholding in GRAMMY to its group’s holding company.

NRF acquired the remaining 51% of Golden Triangle Health’s total paid-up capital for 60 million baht, and upon completion of the transaction, the company will own 100% of GTH.

DEMCO was awarded an LOI to confirm the construction of Power Distribution Package Bang Yai – Kanchanaburi Intercity Motorway (M81) and Bang Pa-In – Nakorn Ratchasima Intercity Motorway (M6).

– Stocks in Focus on October 18, 2021: UBE (Krungsri Securities TP at ฿3.00/share) and DRT (Maybank Kim Eng Securities TP at ฿8.80/share).

Top 10 Most Impact Shares on October 18, 2021

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