Thai Stock Market Roundup April 9, 2020

– SET closed at 1,210.48 points, increased 4.71 points or 0.39% with a trading value of 83.6 billion baht. The analyst stated that a profit-taking in the afternoon session had caused the SET Index to lose most of its gain in early trade.

The analyst suggested investors to monitor the OPEC+ meeting and the report of the unemployment rate in the U.S. tonight. Both factors could affect the flow of Asia market tomorrow.

In addition, the analyst still saw limited upside to the Thai stock market, giving a support level at 1,200 points and a resistance level at 1,250 points.

– Local Individuals and Proprietary Trading combined a net buy of 3.7 billion baht, keeping SET to close higher by nearly 5 pts.

– “Bernie Sanders” dropped out of the presidential race, setting a stage for “Trump” and “Biden”.

– ITEL acquired a data service project Worth ฿17mn from PWA.

– THAI hit the ceiling for the fourth day in a row.

– BIZ sold a volumetric IMRT linear accelerator worth ฿245mn to Chulaborn Royal Academy.

– TEAMG signed 5 new projects during Feb-Apr, 2020, for a total of over a billion baht.

– AOT closed Phuket Airport after CAAT ordered a ban on flights to Thailand amid the coronavirus outbreak.

– JAS assured a dividend of ฿1.43 to come after the AGM in a later date, which was postponed due to the coronavirus outbreak.

– WTI surged 6% and Brent by 4% ahead of OPEC+ meeting for a production cut.

– Stocks in Focus on April 9, 2020: STEC (KTB Securities TP at ฿18.00/share) and BCH (KGI Securities TP at ฿22.30/share).

 

Top 10 Most Impact Shares on April 9, 2020