Thai Stock Market Conditions: Close 7.16, Oil Rises to Support Energy: Petro encourages



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The stock market closed today at 1,250.15 points, increased 7.16 points (+ 0.58%) and the market value was 56,520.36 million baht.

Stock trading today Thai stock indices moved in positive territory throughout the day. The index rose to a high of 1,257.46 points and a low of 1,249.14 points.

The values ​​changed today increased 778 values ​​decreased 774 values ​​and 403 were unchanged.

Nattapon Khamthakrou, Director of Securities Analysis at Yuanta Securities (Thailand), said today that the Thai stock market rose in line with the Asian stock market, which was approximately 0.8% positive. Futures That our domestic market may be in positive territory This was supported by energy and petrochemical stocks after a sharp rise in oil prices.

In addition, there is also an expectation of economic stimulus measures since the meeting of the Center for the Management of the Economic Situation from the impact of the outbreak of the coronavirus disease 2019 (SABC) tomorrow (October 7), which has measures to apply . We help the nation, we stimulate durable goods such as real estate, open to foreign investment, etc. With this factor, our domestic market can position itself in positive territory. As for the new Finance Minister, he is expected to help expedite investment.

However, the COVID-19 situation and the symptoms of President Donald Trump should continue to be monitored, in addition to speculating on the 3Q20 results of listed companies, starting with the Banking Group.

Tomorrow’s reversal trend (October 7) Mr. Nattaphon said that the market still has a chance to rise with 1,245 support points and 1,260-1,270 resistance points.

The 5 main values ​​are:

STGT’s trading value of 3,142.21 million baht, closing at 86.50 baht, a decrease of 2.25 baht.

IVL, a commercial value of 3,030.88 million baht, closing at 23.70 baht, an increase of 2.70 baht.

The value of PTTEP of 2,672.63 million baht, closed at 82.25 baht, increased 5.50 baht.

PTT transaction value 2,234.44 million baht, closing at 33.00 baht, increase of 0.75 baht

KBANK’s trading value of 1,781.40 million baht to close at 75.00 baht, a decrease of 0.50 baht.


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