Thai Stock Market Roundup March 27, 2020

– SET closed at 1,099.76 points, increased 7.80 points or 0.71% with a trading value of 65.4 billion baht. The analyst stated that SET Index moved mostly in positive territory in the same direction of regional markets in hopes of the U.S.’s $2 trillion stimulus bill will be approved.

However, the negative sentiment still remained as the coronavirus outbreak showed no sign of relief while the infection and death kept rising, especially in the U.S. and Europe.

The movement in the market will mostly be determined by the stimulus plan and the spread of coronavirus outbreak.

The support level for next week’s is 1,070 points and the resistance level is 1,130 points with an expectation of high fluctuation.

– Local Institutions slowed the buying pressure down to 1.1 billion baht, combined with 232 million baht of net buy from Foreign Investors to support STE Index.

– The U.S.’s confirmed cases of coronavirus rose to world’s number one at 85,000 cases.

– “The European Securities and Markets Authority” gave listed companies a green light to extend the deadlines of financial reports.

– Thailand reported an additional 11 cases of coronavirus with 1 death.

– TKN announced a share repurchase program not exceeding 100 million baht.

– CENTEL closed hotels and resorts in Thailand and Maldives to prevent the spreading of coronavirus.

– GPSC completed the deal of purchasing nine solar farms with a total capacity of 39.5 MW worth 3.07 billion baht.

– RATCH joined NNCL and PEA ENCOM to invest in 40MW IPP with a project value of 2.1 billion baht.

– BGRIM donated 6.5 million baht to support the life insurance of Ramathibodi medical staff.

– Stocks in Focus on March 27, 2020: BCPG (Krungsri Securities TP at ฿19.80/share) and TOP (Krungsri Securities TP at ฿48.00/share)

 

Top 10 Most Impact Shares on March 27, 2020