Thai Stock Market Roundup March 17, 2020
A short summary to inform investors of what had happened in the Thai stock market on March 17, 2020.
A short summary to inform investors of what had happened in the Thai stock market on March 17, 2020.
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– SET closed at 1,035.17 points, declined 10.91 points or 1.04% with a trading value of 67.1 billion baht. The analyst stated that today’s session was very fluctuating. The SET Index moved in both positive and negative territories due to concerns over the spreading of coronavirus, but the data showed that there were buying pressures to buoy the market several times. The global market still had high fluctuation, thus, the analyst recommended investors to cautiously make an investment.
The analyst expected fluctuation in tomorrow’s session, and advised investors for a short-term play rather than a long-term play.
– Foreign Investors’ single-handedly plunged SET Index by 11pts with a 5.4 billion baht selloff.
– Thai Cabinet approved to close schools, clubs and postpone Songkran’s holiday.
– Singapore Minister said no supply shortage after Malaysia shut its border to prevent Covid-19.
– ALT booked 370 million baht after the Court ruled in favor of the company regarding the dispute of optic fiber case.
– The Philippines Stock Exchange announced a trading suspension until further notice.
– MCOT ceased to broadcast through FM 99 until March 30 after the broadcaster caught the coronavirus.
– CWT acquired a solid waste management project with a 25 year agreement.
– TM revised up its 2020 revenue due to higher demand of face masks and hand sanitizer during the spreading or coronavirus.
– TU approved a share repurchase program not exceeding 3,000 million baht.
– BJC issued a debenture worth 12 billion baht with a maturity date of 3-10 years.
– BGRIM acquired Ang Thong Power’s 70% stake with ฿2.5bn for consistent sustainable growth.
– SET adjusted the floor and ceiling to 15% and lower 1st stage of Circuit Breaker to 8%.
– Stocks in Focus on March 17, 2020: PTG (KTB Securities TP at ฿20.00/share) and TQM (Maybank Kim Eng TP at ฿73.00/share)
 
Top 10 Most Impact Shares on March 17, 2020
