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The stock market fell 33.64 points below more than 2.26%, the broken signal indicates the price of the share. DELTA ended the round, down 124 points, down 18.13% after several weeks of skyrocketing gains on speculation.
Mr. Wijit Arayapisit Director of Securities Research Maybank Kim Eng Securities (Thailand) Company Limited Revealing an overview of the stock market on December 28, 2020, that the SET index (SET index) closed at 1,452.67 points, down 33.64 points or down 2.26% and has a total turnover of 103,405.10 million baht during the day, volatility of negative factors. The pressures are
1. The number of COVID-19 cases The country continued to accelerate. Currently accelerating to the last 3-digit number this morning, the CRC reports the number of new cases out of 115 new infections, assessing that the current situation in the government sector cannot be controlled. And there is a risk that the number of infected in the country will continue to increase.
AND 2. The share price of Delta Electronics (Thailand) Plc. (DELTA) fell 18.13% from this morning, opening the market at 684.00 baht to 560.00 baht, 124.00 points down. Relatively large stock market capitalization (Today morning, the market capitalization rose to No. 2 above the market capitalization of Airports of Thailand (AOT), resulting in the stock price movement has a large impact on the index.
“Each increase and decrease of the 10 baht of DELTA will affect the SET index 1.1 points, and we estimate that the trend of the DELTA share price will continue to decline because at 590.00 baht, it is still much more expensive than the fundamentals. In the past, DELTA rises have hurt the stock market momentum. It should have gone down because COVID-19 news from the country has risen to 1,500 points, “Vijit said.
Mr. Vijit said that this sell signal could signal the end of the DELTA round. “Investing Not Recommended” for those who don’t need to rush into investing in stocks. It is recommended to wait for the SET index situation to remain stable first and then invest later. Estimated support until the end of 2020 at 1,420 points and resistance at 1,465 points.
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