Thai Stock Market Roundup January 23, 2020
A short summary to inform investors of what had happened in the Thai stock market on January 23, 2020.
A short summary to inform investors of what had happened in the Thai stock market on January 23, 2020.
24 ม.ค. 2563

– SET closed at 1,573.70 points, declined 0.89 points or 0.06% with a trading value of 61.9 billion baht. The analyst stated that the plummet continued globally after fear struck investors due to the rising death toll from coronavirus hit 17 in China. The SET Index performed better than other markets in the region. Still, the energy sector also fell due to lower oil prices coupled with the banking sector after a disappointment in 2019 net profit which grew slower than expected.
Moreover, concerns over the FY2020 budget still remained. If the budget was delayed, it would have a huge impact on the construction sector. The index had a buying pressure at the end of the session, but could not overcome the negative sentiment from the whole day.
– Individuals and Local Institutions buoyed the market with 1.51 billion baht of net buy, making SET Index to close slightly lower and better than regional markets.
– Asia stocks plunged as the death toll from coronavirus in China hit 17. China’s mainland stocks fell around 3%.
– FPT targeted to buy a business park in London for ฿5.4bn to expand its leasehold business overseas.
– PSTC to invest ฿250 million on buying LNG from PTT with a 10-year contract.
– Trump threatened to impose 25% tariffs on European cars if they could not agree on the trade deal.
– Stocks in Focus on January 23, 2020: CHAYO (Kasikorn Securities TP at ฿7.10/share) and WHA (KGI Securities TP at ฿5.60/share).
 
Top 10 Most Impact Shares on January 23, 2020
