Thai Stock Market Roundup on June 5, 2020

A short summary to inform investors of what had happened in the Thai stock market on June 5 2020.

SET Index closed at 1,435.70 points, increased 24.69 points or 1.75% with a trading value of 120 billion baht. The index rose 48% from its 970 point in March. The analyst stated that the Thai stock market soared in the afternoon session, breaking the resistance level at 1,430 points, in response to the fund inflow as the energy sector and petrochemical were on top of the leader’s board, hoping the OPEC and its allies’ meeting (reportedly on Saturday, June 6) to approve further output cut.

The analyst advised investors to be cautious in next week’s session due to the market has an outstanding gain this week, giving a support level at 1,400 points and a resistance level at 1,460 points.

– Local Institutions and Proprietary Trading combined a total of 3.6 billion baht of net buy, sending SET Index to close 24 points higher.

– May’s Consumer Sentiment improved for the first time in 15 months as the government eased lockdown.

TRUBB approved to bring a subsidiary “World Flex” to list in SET.

SSO acquired additional shares in BBL to accumulate a total over 5%.

– Subscription for CPF’s debenture broke the amount of existing shares over 25 billion baht.

MK issued a short-term debenture not exceeding 400 million baht for institutions and major investors.

MTC issued two series of debentures worth 4 billion baht to be sold on 9-11 June.

Pete Bodharamik affirmed that he would not exercise JAS-W3.

ICN acquired a design and installation of IP-CAN project from PEA worth ฿172mn.

TRC signed a contract of two construction projects for a total value of ฿720mn.

– Stocks in Focus on June 5, 2020: PTTEP (DBS Vickers Securities TP at ฿101.00/share) and GULF (Country Group Securities TP at ฿44.50/share).


Top 10 Most Impact Shares on June 5, 2020

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