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Embracing the capital market: Thanachai Na Nakorn
Yesterday there was a slight shock because the stock index fell 1,500 points.
But when the market closes, the market can bounce back
Later during the day, the index fell to 1,503 points around 4:15 pm, which closed at 1,510.13 points, dropped 9.00 points, the turnover was 74,438 million baht
This volume is considered less than several days before.
The 1,500 point level appears to be psychological support (mixed technique).
The technical part actually saw analysts scrutinizing between 1,480-1,495 points.
Although foreign investors Yesterday there were small net sales of more than 138 million baht.
But if from the beginning of the year until yesterday, foreigners continue to buy 5,805 million baht net, in line with the previous analysis that In the medium term “Foreigners will continue to buy more than sell”
Institutional Investors OR the fund has total net sales of more than 7,585 million baht
The main cause is likely to come from the preparation of money for the subscription of shares. PTT Oil and Retail Plc (OR)
It is said that the different funds should spend more than 31 billion baht.
Some of it may come from the cash already in the fund’s lap.
But mainly it is analyzed that The fund can sell shares of a group. SET50 Of particular note are stocks that are profitable to bring “cash” to buy IPOs. OR
Review the time to buy OR shares again.
The IPO of Cornerstone Investors, both local and international, will total 1,714.3 million shares, or 65.7%.
Or, you entered into a Cornerstone Placement Agreement with 28 specified Principal Institutional Investors (Cornerstone Investors) who signed in Thailand and abroad at the final offering price.
Key investors in the countries receiving the most allocations are: SCB Asset Management, 239 million shares
Followed by Bualuang Asset Management and Kasikorn Asset Management, receiving the same allocation of 143.5 million shares.
Cornerstone Investors Group Subscribed Abroad The most allotted shares were 215 million shares of GIC Private Limited.
OR sets the IPO price range at 16-18 baht per share, which represents the offer value. 41,760-46,980 million baht
Set the final offer price no later than 9:00 am on February 3.
For PTT shareholders who have the right to subscribe for OR shares and minor subscribers You must subscribe for O shares at the higher price of 18 baht / share, which PTT shareholders subscribe between January 25 and 28.
As for the small subscriber Subscription between January 24 and 12.00 on February 2.
Cornerstone investors must pay the subscription at the final sale price. Between 3 and 5 February 2020
Past so far, I am not sure if the funds are selling stocks to prepare money together or not.
If still … stock index should still fluctuate for 1-2 weeks
Or until the funds are fully paid for the shares.
Shares in the fund Will not be sold as a collapse
But gradually it will sell and tug-of-war Given that stock prices go up and down but must not go down. “Go down the elevator”
In addition to institutional investors to sell shares of the SET50 group
There should be investors small and large interested in subscribing to OR stocks who should adjust their portfolio. Sell the shares at a profit To prepare money to buy OR shares too
Stock entry OR So it should create some short-term fluctuations overall.
But believe it … no matter how much sales force out of the stocks comes out
It should have been raised. Or keep the index at the 1,500 level a small positive / negative point (yesterday’s closing date)
Or if it fell I wouldn’t have lost much
Support area at 1,485-1,490 points, beautiful.
The question is whether the index will fall to 1,450 points or not.
The answer should be difficult.
Because many investors are expecting to receive stocks in the 1450 index area quite a bit.
Therefore, you believe that the index will not go down Unless there are negative factors that exceed expectations and seriously affect
