Thai Stock Market Roundup February 3, 2020
A short summary to inform investors of what had happened in the Thai stock market on February 3, 2020.
A short summary to inform investors of what had happened in the Thai stock market on February 3, 2020.
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– SET closed at 1,496.06 points, declined 18.08 points or 1.19% with a trading value of 53 billion baht. The analyst stated that the trading session in the Thai stock market was in line with regional markets while SSEC fell the most by 7.72% over concerns of foreign investors would divest from the market in which China central bank had announced that it would inject $174 billion via reverse repo operations to prepare for the reopen amid an outbreak of a new coronavirus. Meanwhile, the European markets opened mostly flat with an increase only 0.1-0.2%.
The analyst suggested investors to keep an eye on the announcement of financial statements and the meeting of the Monetary Policy Committee on Feb. 5.
The support level was set at 1,490 points and the resistance level at 1,525 points.
– Local Institutions and Proprietary Trading poured 2.23 billion baht worth of Thai shares to seek safe haven amid the outbreak of coronavirus.
– BGRIM’s Mrs. Preeyanart Soontornwata Named Best CEO and Best Power Plant Project Developer.
– PLANB denied “baseless” accusation, claiming legal process on the bidding.
– CPF plunged 6.67% after the H5N1 virus spread in China, led to a cull of over 18 billion chickens.
– AirAsia KL share plunged following the Airbus bribery scandal.
– NOK’s shareholders approved a capital increase of 888.15 million shares to RO at the ratio of 3.5:1 at ฿2.50/share.
– CHOW’s solar power plant commenced the COD, topping total capacity to 62-MW.
– Ministry of Commerce expected Thai exports to expand by 1.2% due to baht depreciation.
– OPEC and Russia to tackle the oil price slump amid the coronavirus outbreak.
– Stocks in Focus on February 3, 2020: TISCO (Maybank Kim Eng TP at ฿105.00/share) and TVO (TISCO Securities TP at ฿34.00/share).
 
Top 10 Most Impact Shares on February 3, 2020
