Correspondents reported that today (August 29, 2024) the prices of 4 major stocks fell sharply, led byAbsolute Energy Public Company Limited or EA At 3:45 p.m., it was trading at 6.70 baht minus 0.50 baht, or 6.94%, with a low of 6.45 baht and a high of 7.25 baht, with a trading value of 1,145.06 million baht.
Assets World Corporation Public Limited or AWC At 3:45 p.m., it was trading at 3.46 baht minus 0.12 baht, or 3.35%, with a low of 3.46 baht and a high of 3.56 baht, with a trading value of 212.03 million baht.
Global Power Synergy Public Company Limited or GPSC At 3:48 p.m., it was at 40.00 baht minus 1.00 baht, down 2.44%, with a low of 39.75 baht and a high of 41.00 baht, with a trading value of 328.13 million baht.
Indorama Ventures Public Limited or IVL At 3:49 p.m., it was at 18.00 baht minus 0.40 baht or 2.17%, with a low of 18.00 baht and a high of 18.40 baht, with a trading value of 292.41 million baht.
The four stocks fell sharply, with investors expected to be wary after analysts estimated there would be an outflow of about $300 million, or about 10 billion baht in Thai currency, from the exit from the MSCI Global Standard, weighing on prices. Closed tomorrow (Aug 30, 2024)
Krungsri Capital Securities Public Company Limited stated in its analysis today (August 29, 2024) that the MSCI August rebalancing round will take effect on August 30 (closing price). MSCI Global Benchmark Incoming stocks: None As for the issued shares And it is AWC (Expected investment reduced by US$95 million or about 3.2 billion baht) GPS C (Expected investment reduced by US$90 million or nearly 3 billion baht) Issam (The investment weight is expected to be reduced by US$35 million) and IVL (Expected investment reduced by US$90 million or nearly 3 billion baht)
part MSCI World Small Cap There are stocks coming.Including BJC, EA, KAMART, TLI As for the issued shares Including BAFS, BYD, EPG, NEX, ORI, PTG, RBF, THANI, SC, SJWD, SKY, SNNP, THCOM
In this regard, if we look at the return of the MSCI Thailand Index since July 2024, it has risen significantly by 6.5%, outperforming the MSCI World Index which rose by 3.2%, along with the continued recovery of the Thai economy. There are positive expectations for the new government. Given this round of weight loss, this should be the last weight loss. There is a chance to gradually increase the weight in the coming period. The recommended strategy is to wait to accumulate stocks with good fundamentals, such as GPSC, but exit the MSCI index on the day the rebalancing process takes effect.