Thai Stock Market Roundup on June 8, 2020

A short summary to inform investors of what had happened in the Thai stock market on June 8 2020.

SET Index closed at 1,438.66 points, increased 2.96 points or 0.21% with a trading value of 105 billion baht. The analyst stated that the Thai stock market fluctuated as the index jumped more than 19 points in the morning session, but started to slow down to record only 3 points gains at the closing.

The fluctuation in today’s session showed that investors were cautious about trading amid high valuation, even with positive sentiment in the market.

The analyst pointed out that the buying pressure started to ease, and believed that the fund inflow in the recent weeks could be flowing through regional markets, not only Thailand.

In addition, tomorrow’s session could slow down to wait and see whether the fund inflow will continue or not, giving a support level at 1,420 points and a resistance level at 1,450-1,460 points.

– Local Individuals made a solo-buying session with a total of 3.4 billion baht of net buy in value.

COVID-19 cases surpassed 7 million as South Korea saw rising new cases after lockdown easing.

Vietnam’s parliament passed the resolution for a free trade deal with European Union.

ORI reported a 2.4 billion baht sales in May, reflecting a 18% growth for the first five months in 2020.

PTT, PTTEP and PTTGC’s share prices rose in response to output cut and jumping oil prices.

THAI appointed “Chansin Treenuchagron” as a Board of Directors for rehabilitation plan.

PTT to further LNG business in 3Q, expecting Thailand to be the main hub in the region.

BCP established “BBGI Utility and Power” to produce and distribute bioenergy.

– Stocks in Focus on June 8, 2020: PTT (DBS Vickers Securities TP at ฿45.00/share) and BAM (Krungsri Securities TP at ฿29.50/share).


Top 10 Most Impact Shares on June 8, 2020

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