Thai Stock Market Roundup on June 17, 2020

– SET Index closed at 1,376.18 points, increased 9.05 points or 0.66% with a trading value of 71.5 billion baht. The analyst stated that the Thai stock market edged higher in the afternoon to be in line with the European markets and Dow Jones Futures.

The analyst pointed out that the mid and small-cap stocks buoyed the market due to big-cap stocks are in the middle of adjusting their profit forecast, causing lower buying pressure to the group than normal.

The analyst said that the Thai stock market still has large fluctuations due to the spreading of coronavirus, giving the support level at 1,350 points and a resistance level at 1,375-1,390 points.

– Local Institutions continued to buoy SET Index, leading the buying team with a 2,082 million net buy.

– IMF expected the global economy to plunge further than it had forecasted in April as the crisis showed ‘Profound Uncertainty’ in recovery.

– “Morgan Stanley” believed Asian economies to remain on Track even with the 2nd Virus Outbreak

– Taiwan to ease border control and allow Thai arrivals only for a business trip.

– Beijing raised coronavirus emergency response measures to level 2, the second-highest, and cancelled all inbound and outbound flights from its airports.

– Thailand reported no new COVID-19 cases as of June 17, 2020, and also 23-day straight free of domestic infection.

– “Prayut” ordered an inspection on the allegation of MCOT compensating ฿1.6Bn to “Playwork”.

– Stocks in Focus on June 17, 2020: DOHOME (Finansia Syrus Securities TP at ฿13.00/share) and MCS (Maybank Kim Eng TP at ฿14.50/share).

Top 10 Most Impact Shares on June 17, 2020