Thai Stock Market Roundup April 2, 2020

– SET Index closed at 1,138.27 points, increased 32.76 points or 2.96% with a trading value of 69.2 billion baht. The analyst stated that the Thai stock market outperformed regional markets in today’s session, led by energy stocks after a surge in oil price over 10% while Dow Jones future pointed to open higher ahead of announcing an unemployment rate.

The analyst expected a limited upside in tomorrow’s session, given a support level at 1,113-1,110 points and a resistance level at 1,150-1,164 points.

– Local Institutions and Proprietary Trading buoyed SET Index with 2.6 billion baht of net buy.

– Dean & DeLuca Inc. filed for bankruptcy. PACE expected the business to turnaround after the financial restructuring of Dean & DeLuca Inc.

– China denied the U.S. Intelligence’s accusation of concealing the number of actual coronavirus cases.

– MTC affirmed the charging of interest rate was in line with the supervision of BOT after DSI requested MTC’s incorporation to inspect 3 operating branches due to complaints from customers, claiming a high interest rate.

– SET lifted “H” sign off TPIPL after the company made a clarification on the big lot transaction of 47.34% of its shares which was due to an internal restructuring.

– OR submited a “filing” to SEC, PTT to hold 75% stake while maintaining the state enterprise status.

– GULF to hold the 2020 Annual General Meeting of Shareholders with strict measures to prevent COVID-19 while expecting approvals from shareholders for a stock split of 5:1.

– Tris Ratings maintained credit rating of CPF and its debenture at A+.

 

Top 10 Most Impact Shares on April 2, 2020