Thai Stock Market Roundup February 13, 2020
A short summary to inform investors of what had happened in the Thai stock market on February 13, 2020.
– SET closed at 1,532.77 points, decreased 7.07 points or 0.46% with a trading value of 46.4 billion baht. The analyst stated that the plummet in SET Index was due to the spike in coronavirus (COVID-19) cases after Chinese authorities used a new calculation method to include clinically diagnosed cases into the “confirmed cases,” resulting to a total of 60,000 confirmed cases as of February 12, 2020.
The analyst also stated that contractor-related stocks were volatile in today’s session due to the uncertainty of FY2020 budget voting results. However, the analyst still believed that the FY2020 budget would not be delayed.
The main factor in this situation would be the development of coronavirus which was expected to decrease to near time.
In addition, the analyst gave a support level at 1,525 points and a resistance level at 1,543 points.
– Foreign Investors, Proprietary Trading and Local Institutions sold Thai shares worth 1.74 billion baht amid coronavirus cases spiked.
– The Social Security Office acquired an additional stake in LPN to hold over 5% in total.
– PSTC acquired 30% of Greyhound Inter Trade to further solar rooftop business.
– GPSC’s net profit reached ฿4.06bn while offering a dividend at ฿0.80/share.
– IRPC faced a net loss of ฿1.17bn in 2019 after a decline in oil price and baht appreciation.
– VGI’s net profit surpassed ฿1.05bn for the 9-month period, offered a dividend at ฿0.045/share.
– Central Bank cut GDP in 1Q20 below 1% as COVID-19 hit the Thai economy.
– LPN’s 2019 profit shrank 8.14% to record at ฿1.26bn.
Top 10 Most Impact Shares on February 13, 2020
