The Bank Group index rose 2.74% to 361.19 points, up 9.63 points by 10.28 a.m., with the Bank’s shares raised to lift the panel, led by KBANK shares, plus 4.74% to 121.50 baht, up 5.50 baht, trading value 1,897.68 million. baht
TMB shares increased 3.48% to 1.19 baht, an increase of 0.04 baht, trading value 191.96 million baht.
SCB shares added 3.04% to 93.25 baht, an increase of 2.75 baht, a trade value of 327.84 million baht.
KTB shares increased 2.50% to 12.30 baht, an increase of 0.30 baht, trading value 133.93 million baht.
BBL shares added 2.06% to 124.00 baht, an increase of 2.50 baht, trade value 386.59 million baht.
Asia Plus Securities stated in the analysis that The idea is to solve the speculative problem of low Free Float stocks by setting a new index calculation method called Free float Adjusted Market Cap, which is weighted by each company’s Free Float figure in the Market Cap before calculating it as an index. The research department studied the Thai stock market free float data found that the entire market had a weighted average of 44%, with the industry group higher than this level, it was likely to be more weighted, such as the commercial banking group, Contractors, Materials, Agriculture and ICT
Bangkok Bank (BBL) is the stocks with the largest weight gain per index, resulting in a 1.7% increase on the SET Index (weight per index increase from 1.4% to 3.1%) or every 1% at the share price. The increase of BBL will affect the SET up to 0.47 point from 0.21 point. On the other hand, the Passive Fund has a chance to increase the investment in BBL up to 125% from the original investment.
DBS Vickers Securities (Thailand) said that Kasikornbank (KBANK) posted a net profit of 20%, down 24% from the year 20, but 40% better than analysts expected. This is positive news for stocks in the short term. While still having to wait to follow up on large bank budgets that will gradually come out such as SCB and KTB, most of them have declined due to additional provisions But operating profit has improved
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