Thai Stock Market Roundup on May 22, 2020
A short summary to inform investors of what had happened in the Thai stock market on May 22, 2020.
A short summary to inform investors of what had happened in the Thai stock market on May 22, 2020.
25 พ.ค. 2563

– SET Index closed at 1,303.97 points, decreased 16.72 points or 1.27% with a trading value of 64.4 billion baht. The analyst stated that the Thai stock market closed lower in the same direction of global markets over the rising tension between the U.S. and China after Beijing intended to implement new national security law to prevent further protest, while the U.S. vowed to retaliate against China if the latter decided to do so.
The analyst expected the SET Index to recover next week as Thailand did not have any domestic negativity that would weigh on investors sentiment, while the development of the coronavirus outbreak was quite well.
Thus, the analyst set a support level for next week at 1,280 points and a resistance level at 1,320 points.
– Individuals scooped 5.2 billion baht after Local Institutions and Foreigners plunged the market with a combined selloff worth 5 billion baht.
– China decided not to release the 2020 GDP target due to an uncertainty Covid-19.
– Japan’s production and retail sales to plunge shapely in April.
– SPALI acquired an additional 4.7% of MK, raising its total stake to 5.0292%.
– Vayupak Funds to purchase THAI at ฿4/share while the rehabilitation plan would be submitted to the Bankruptcy Court as soon as possible.
– Thai exports beat expectations in April by posting an expansion of 2.12%, while imports contracted by 17.13%.
– ITEL acquired 2 works from Thai armed forces worth ฿135.59mn, expecting its revenue to grow 30%.
– CENTEL slashed its investment budget to 4.5 billion baht to maintain its liquidity.
– STA closed 8.61% higher after Covid-19 raised rubber glove demand.
– Stocks in Focus on May 22, 2020: RS (Krungsri Securities TP at ฿14.00/share) and AP (KGI Securities TP at ฿3.10/share).
 
Top 10 Most Impact Shares on May 22, 2020

 