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

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