The reporter reported that PTT Oil and Retail Public Company Limited or OR entered the calculation in the SET50-SET100 index with an urgent criteria (Fast track) on Wednesday (17 February 64) and prepared to calculate. In MSCI Index on February 26, and have a chance to calculate in the FSTE Index by March 2021.
By share price OR Yesterday (16 Feb ’16) closed at 32.75 baht minus 1.25 baht or 3.68%. With a trading value of 15.9 billion baht
Mr.Kornpat Worachet, Director of Investment Research and Services, Investment Strategy, Nomura Pattanasin Securities, stated that the main reason for pushing OR’s share price to rise sharply after trading in The SET is the calculation of OR stocks in Index Funds, supporting the speculative atmosphere of OR stocks, combined with the adjustment of the portfolio to increase the weight of institutional investors.
Although the first day to respond to the positive factors calculated in the SET50-SET100 Index, it is expected to begin entering into the calculation by the Fast Track on Wednesday, Feb. 17, estimates there will be new funds from Passive Funds. Fund flows into OR stocks approximately 1,500 million baht, but on Saturday, Feb. 13, the past has reported additional information from MSCI Index announcing the use of OR stocks to calculate the index with the Fast track criteria as well, causing some institutional investors As for having to adjust position to invest in OR stocks again
The OR stock is preparing to be calculated in the MSCI Index on February 25, although the report states that it is Feb. 26, but since it is a holiday, it has been postponed to Feb. 25. Initially, it is expected that there will be new money from entering the MSCI Index to be higher than US $ 129.5 million, or approximately 4 billion baht in Thai money.
The next positive factor for OR stocks is speculation in the FSTE Index, but from a personal point of view, it is also possible that OR stocks may miss the FSTE Index due to the amount of the amount entered into the MSCI Index. This round is quite high. As a result, the percentage of foreign shareholding through FSTE Index will be a small proportion. As a result, I have to continue to follow up on whether this round of FSTE Index will bring OR shares into the calculation or not.
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