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HoonSmart.com >> The Thai stock market entered the first target of 1,300 points, which is supported by environmental factors. Dow futures rose more than 1,392 points, or 4.94%. Crude prices rose above $ 40 or more than 7%. Positive news for the COVID-19 vaccine. Foreigners have returned to buy first-day heavy Thai stocks of 2.2 billion baht this year, spreading over 2.98 billion baht, pushing P / E down, close to the Asian market average. Thai companies distribute dividends above 3%, a fraction of the market, request the creation of new groups of shares. Draw outer capital
On November 9, 2020, the global stock market raced rapidly. Support the Thai stock market by rising 33 points to 1,293.90 points before selling pressure, causing the index to close at 1,285.88 points, an increase of 25.80 points or + 2.05%, trading value of 77,886.02 million baht.
Good news, foreign investors start buying up to 2,285 million baht, the stock portfolio buys 1,788 million baht, counteracting the way Thai investors make a profit of 4,056 million baht, domestic institutions sell 16.96 million of baht
The price of crude rose more than 40 dollars a barrel. And Dow futures were up 1392 points, or 4.94% Good news, pharmaceutical companies BioNTech and Pfizer announced the results of the COVID-19 vaccine test. This was a great success during the Phase 3 test at approximately 7:45 pm
Weerawat Wirojpoka, director of securities analyst at Finansia Syrus Securities, said that the Thai stock market rose better than expected. Breaking 1,280 key resistance points, as well as regional markets, he welcomed Joe Biden to win the election. Make money gradually invested in risk assets But the trend still needs to monitor internal political factors. And the profit of the Company for the third quarter of 2020 also
“The November 10 trend is expected to fluctuate in the 1,300 to 1,270 range after rising fairly quickly. For short-term investments, focus on trading, recommend selling profit at 1300 points. The price is slower than the market (lagging) and P / E is economical for AP, SC and ORI stocks, ”said Mr. Weerawat.
Mr. Soraphol Tulyasathien, Deputy Manager, Head of Corporate Strategy The Thailand Stock Exchange (SET) revealed that Joe Biden won the election, liquidating the 46th president of the United States, resulting in a rise in Thai shares in November through the morning of November 9, 2020. About 5% accepted a policy to stimulate clean energy. This has resulted in a positive response to the renewable energy stock portfolio and a focus on health that may see similar actions taken against Obamacare. In addition to hoping for a better relationship from the United States with China.
For inventories in October The index closed at 1,194.95 points, 3.4% less than the previous month and 24.4% less than at the end of the previous year. At the same level as MSCI ASEAN, the leading P / E and historical P / E fell to 21.5 times and 20.7 times, respectively, but still higher than the average for Asian stocks of 17 times and 18.2. times. The good dividend yield was 3.54%, higher than the average for the Asian stock market of 2.77%.
Mr. Pakorn Pitathawatchai, Director and Manager The Thailand Stock Exchange said that since the beginning of the year 63 foreign investors have net sales of approximately 298.093 million baht, but sales have continued to decline. Considering the first quarter, net sales of 114,993 million baht, in the second quarter they were 100,743 million baht and the third quarter sold 60,205 million baht.
Mr. Pakorn said SET has an idea to propose to the Securities and Exchange Commission (SEC) to provide special benefits for IPOs in new business groups. Principles similar to the investment promotion of the Board of Investment (BOI) to promote and generate incentives for new business groups, and the idea of issuing additional indices. Originally, only wellness indices, SETHD and SETCLMV existed to create outlets and give investors more options to invest. This will help foreign capital to come back better.
In addition, there have been more talks with the Bank of Thailand (BOT) about issuing foreign products. Provide small and medium investors Able to access more investment of foreign products Both in the form of baht currency AND foreign currency
“We try to create a variety of investments. Using the Thai capital market as an intermediary For the diversification of the investment portfolio in the country Expect a wider range of products, including ETF, DR and DW additions, ”said Pakon.
