Thai Stock Market Roundup on 16 December 2021

SET Index closed at 1,645.32 points, increased 21.66 points or 1.33% with a trading value of 89 billion baht. The analyst stated that the Thai stock market moved in the same direction as global markets after the much anticipated Fed’s meeting was in line with expectations, including QE and the policy rates, causing the fund flow to risk assets as foreign investors made a net buy today.

The analyst noted that foreign investors should slow down tomorrow, giving a support level at 1,630-1,620 points and a resistance level at 1,650-1,660 points.

– Foreign Investors overwhelmed the Thai stock exchange with a net buy of 4,662 million baht, pushing SET Index 21 points higher to 1,645.

Reddit Inc. filed a confidential filing for an initial public offering.

Britania Public Company Limited has announced that the company will kick off its first trading day in the Thai stock market on December 21, 2021, with a stock symbol “BRI” after an overwhelming feedback from its IPO selling, especially institutional investors that made an oversubscription for more than 10 folds.

BCPG announces the appointment of ADB as lead arranger of THB 22,000 million financing for “Monsoon Wind Project”, ASEAN’s largest wind farm, to save over 35 million tonnes of greenhouse gas.

EA closed at a record high of Bt98 per share, up 15.29% from yesterday  as investors look forward to the future trend of clean energy.

– Capital Nomura Securities Koraphat Vorachet recommended KCE, GULF and GUNKUL, seeing positive trend on tech-related power generation stocks.

 

Top 10 Most Impact Shares on December 16, 2021