Thai Stock Market Roundup March 4, 2020

– SET closed at 1,378.71 points, increased 3.59 points or 0.26% with a trading value of 58.5 billion baht. The analyst stated that the SET Index continued its gain after a surprising rate cut by the US Federal Reserve last night which could lead to more rate cuts from major central banks.

For tomorrow session, the analyst gave a support level at 1,360-1,370 points and a resistance level at 1,390-1,400 points,

– Foreign Investors joined hands with Institutions and Individual Investors to keep SET Index higher in a volatile session.

– The Federal Reserve cut interest rates by 50bp.

– Capital Asia Investments Pte Ltd sold all shares of QTC.

– Hong Kong Central Bank followed the U.S. Fed to cut interest rate by 0.50 percentage point.

– IRPC initiated a joint venture with the Japanese “JPP” to further the business for special-grade plastic material production.

– The Bank of Thailand is ready to take appropriate actions to handle the economic slowdown amid the virus outbreak.

– TEAMG expected a 10% growth this year from the government’s stimulus plans.

– SGX gave all firms a 2-month breather to hold AGM amid virus outbreak.

– TNSC pointed Thai Exports might grow 0-1% in 2020.

– KUMWEL offered a dividend at ฿0.07/share, XD 30 April.

– Stocks in Focus on March 4, 2020: INSET (Philip Securities TP at ฿3.33/share) and NOBLE (Asia Wealth Securities TP at ฿23.20/share).

 

Top 10 Most Impact Shares on March 4, 2020