Thai Stock Market Roundup on 26 November 2021
A brief summary of major changes and significant developments in the Thai stock market on November 26, 2021.
– SET Index on November 26, 2021, closed at 1,610.61 points, decreased 37.85 points or 2.30% with a trading value of 123 billion baht. The analyst stated that the Thai stock market traded lower in the same direction as global markets in concerns of the acceleration of Covid-19 infections in Europe and the new strain in South Africa, coupled with the lingering high inflation rates and faster-than-expected rate hikes.
The analyst expected the Thai stock market next week to slow down with a support level at 1,600 points and a resistance level at 1,630 points.
– Foreign Investors, Local Institutions and Proprietary Trading withdrew 12.8 billion baht from the Thai stock market amid concerns over new Covid-19 variant.
– Credit Suisse expected strong business growth for SCB, seeing
– The share price of STGT jumped nearly 10% to close at ฿30.75/share amid reports of a new Covid-19 variant found in South Africa.
– Chinese regulators have asked country’s largest ride hailing service Didi Global Inc. to devise a plan to delist from the U.S. bourse citing data security fears.
– Stocks in Focus on November 26, 2021: IVL (Maybank Kim Eng Securities TP at ฿57.00/share) and BCH (Asia Wealth Securities TP at ฿57.00/share).
Top 10 Most Impact Shares on November 26, 2021
