Thai Stock Market Roundup March 3, 2020
A short summary to inform investors of what had happened in the Thai stock market on March 3, 2020.
A short summary to inform investors of what had happened in the Thai stock market on March 3, 2020.
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– SET closed at 1,375.02 points, increased 39.30 points or 2.94% with a trading value of 70 billion baht. The analyst stated that the Thai stock markets made a huge jumped, in line with the regional markets’ movement in hopes of global central banks to issue new measurements as fears over economic plummet from coronavirus mounted.
The analyst expected the SET Index would continue its gain on March 4, setting a support level at 1,360 points and a resistance level at 1,380-1,385 points.
– Local Institutions buoyed the market with a net buy of 8,888 million baht amid hopes of central banks remedial measurements to counter impact from coronavirus.
– TTCL to propose shareholders to approve for a capital increase of 242 million shares, offered to PP and RO.
– ITD’s FY2019 booked a net loss of ฿37mn due to an increase of costs.
– JMT inked the agreement of unsecured NPL, acquired ฿3bn of outstanding debt from institutions.
– CK acquired a tap water-transmission-distribution systems project worth ฿340mn.
– 7UP’s high sales-services revenue recovers the business to book a profit of ฿86m in 2019.
– PSL issued a 2.6-year debenture not exceeding 2 billion baht with an interest rate at 5.85%.
– SET suspended 11 securities for not submitting financial statements by the deadline.
– US confirmed six deaths while Covid-19 outbreak in South Korea, Iran and Italy tops 8,100 cases.
– UAC budgeted 3 billion baht to acquire a 20MW-power plant.
– Stocks in Focus on March 3, 2020: SIRI (Krungsri Securities TP at ฿1.04/share) and BCH (DBS Vickers Securities TP at ฿19.00/share).
 
Top 10 Most Impact Shares on March 3, 2020
