Thai Stock Market Roundup on June 4, 2020

A short summary to inform investors of what had happened in the Thai stock market on June 4 2020.

SET Index closed at 1,411.01 points, increased 36.83 points or 2.68% with a trading value of 122.5 billion baht. The analyst stated that the Thai stock market outperformed the regional markets due to the fund inflow in hopes of reopening the economy after a lockdown, while more easing to come.

Moreover, the unrest in the U.S. had halted the dispute between Washington and Beijing, while both counties also posted positive economic data as well.

The Thai stock market was buoyed by the banking sector as the share prices were still laggarded, while being big cap stocks, targeting by returning foreign investors.

However, the energy sector was still volatile due to the uncertainty of OPEC and its allies on the decision of extending the output cut.

The support level for tomorrow’s session is 1,400-1,395 points and the resistance level is 1,410-1,430 points.

– Local Institutions joined with Proprietary Trading and Foreign Investors in a hike, buoying SET Index by 37 points to close higher than 1,400 level.

– The U.S. banned passenger flights from China in retaliation to the Chinese government not allowing U.S. flights to continue operations to China.

AEC adjusted the capital increase plan to 4.5 billion shares.

BTS, BA and STEC edged higher after Thai Cabinet approved “BBS” to invest in “U-tapao Project”.

ILM invested 200 million baht to import machine and software from Germany to increase its production quality.

– Stocks in Focus on June 4, 2020: BTS (KGI Securities TP at ฿13.50/share) and INSET (Asia Plus Securities TP at ฿4.18/share).


Top 10 Most Impact Shares on June 4, 2020

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