Thai Stock Market Roundup January 28, 2020
A short summary to inform investors of what had happened in the Thai stock market on January 28, 2020.
– SET closed at 1,513.26 points, declined 10.89 points or 0.71% with a trading value of 67.1 billion baht. The analyst stated that SET Index faced a volatile session, in line with regional markets that closed lower as fear over coronavirus remained. The analyst recommended stocks in consumer products, energy (power plant), finance and telecom sector during this period to avoid effect from the virus.
In addition, WHO stated that the organization believed China would be able to contain the virus from spreading, and had yet to announce the emergency measurement.
– The three Musketeers a.k.a. Inst, Prop Trade, Foreigners sold 3.82 billion baht of Thai shares in total to continue plunging SET Index by another 11 points.
– FORTH acquired a ฿330 million project from PEA to increase the efficiency of core network.
– SEAFCO acquired two new projects worth ฿323 million.
– IVL initiated a new “Integrated Oxide” business, boosting performance in the long term.
– AAV revealed that Chinese passengers declined 35% in the period.
– TKN asserted that its Chinese distributor would not cancel and delay TKN’s order.
– Stocks in Focus on January 28, 2020: JWD (Kasikorn Securities TP at ฿10.00/share) and LH (Krungsri Securities TP at ฿11.50/share).
Top 10 Most Impact Shares of January 28, 2020
