Thai Stock Market Roundup February 5, 2020
A short summary to inform investors of what had happened in the Thai stock market on February 5, 2020.
A short summary to inform investors of what had happened in the Thai stock market on February 5, 2020.
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– SET closed at 1,534.14 points, increased 14.76 points or 0.97% with a value of 67.4 billion baht. The analyst stated that the Thai market made a rebound for a second day, following global markets that were trying to recover from the plummet last week. SSEC was up 1.25% after a huge selloff on Monday’s session.
SET Index continued to edge higher in the afternoon after the announcement of a rate cut from MPC which would benefit stocks with loan businesses such as MTC and SAWAD while the banking sector could have hurt from the policy.
The analyst believed SET Index would continue its gain in tomorrow’s session, setting a support level at 1,515-1,520 points and a resistance level at 1,535-1,550.
– Local Institutions, as a lone buyer in today’s session, buoyed SET by 15 points with a 5.5 billion baht net buy.
– AirAsia’s CEO and Chairman relinquished posts after Airbus bribery allegations.
– BEAUTY jumped 15.79% after the announcement of its plan to grow 20% this year.
– KKP targeted 9% growth in the loan segment, aiming for an increase of property-related and individual customers.
– The government’s stimulus plan is expected to relieve fuel cost by 800 million baht for AAV and 300 million baht for THAI.
– CPF targeted ฿600bn of sales in 2020, asserting no effect from bird flu outbreak in China.
– MPC unanimously approved an interest rate cut to a record low at 1%.
– JASIF offered a ฿0.20 dividend payment while JAS, as a major shareholder, will book over ฿200 million.
– International economists cut Chinese GDP in 2020 from the disruption of the virus outbreak.
 
Top 10 Most Impact Shares on February 5, 2020
