Thai Stock Market Roundup April 14, 2020
A short summary to inform investors of what had happened in the Thai stock market on April 14, 2020.
A short summary to inform investors of what had happened in the Thai stock market on April 14, 2020.
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– SET Index closed at 1,256.35 points, increased 19.57 points or 1.58% with a trading value of 76.4 billion baht. The analyst stated that the Thai stock market continued to recover from its earlier plummet in line with other regional markets as China reported a contraction on imports and exports, but still better than the market had anticipated.
The stable coronavirus infection cases gave positive sentiment to the market as well along with new regulations issued by the Stock Exchange of Thailand (SET) to prevent disruption from the coronavirus outbreak.
As for tomorrow’s session, the analyst expected a limited upside after series of rallies, giving a support level at 1,210-1,200 points and a resistance level at 1,280-1,290 points.
– Local Institutions continued to buoy the Thai stock market with a net buy of THB 2.6 billion.
– S&amp;P Global Ratings downgraded Thailand outlook to “Stable” on the disruption caused by the coronavirus outbreak.
– China imported $5bn worth of U.S. farm goods in 1Q20 amid trade falls.
– China’s imports and exports in March fell, but better-than-expected amid the pandemic.
– MCS signed an agreement for “Isehara Project” with a project volume of 4,000 tonnes.
– 7UP disposed its shares in RAL to book 14 million baht.
– TOP jumped 9.3% as GRM tended to increase in response to the discount OSP from Saudi Aramco.
– SUPER signed an agreement of Solar PP Loc Ninh Project 1-2-3 with a total capacity of 750MW.
– Stocks in Focus on April 14, 2020: WHA (Maybank Kim Eng TP at ฿3.60/share) and AMANAH (KTB Securities TP at ฿4.00/share).
 
Top 10 Most Impact Shares on April 14, 2020
