Thai Stock Market Roundup December 19, 2019
A short summary to inform investors of what had happened in the Thai stock market on December 19, 2019.
– SET closed at 1,573.51 points, increased 9.77 points or 0.62% with a trading value of 65.4 billion baht. The analyst stated that SET Index had high volatility, but still closed higher due to buying pressure in the energy and banking sector which could be a window dressing before closing the financial statement this year. It is expected the LTF and the fact that SET Index had shrunk to its low would keep the market afloat.
– Proprietary Trading made a solo net buy for 4.2 billion baht, sending SET to close 10 points higher.
– Boards of LHFG approved a share repurchasing program for 600 million shares not exceeding 1,000 million baht.
– The House of Representatives impeached Trump on the abuse of power and obstruction of Congress.
– BEM awarded CK with a ฿293m project for installation of the MRT Blue Line.
– BANPU accepted liabilities of ฿864m to acquire the remaining 50% stake in Australian mine.
– OR partnered with “Central” to run Café Amazon in Vietnam, stepping up to be the Thai’s global brand leader.
– BPP Gains 2.3% after the COD announcement of “Kurokawa Solar Power Plant” in Japan.
– STEC hiked 3.62% after signing a contract worth ฿9.1bn to construct “Mochit Complex”.
– Stocks in Focus on December 19, 2019: BANPU (Asia Wealth Securities TP at ฿14.50/share) and SPALI (Kasikorn Securities TP at ฿70.00/share).
Top 10 Most Impact Shares on December 19, 2019
