Thai Stock Market Roundup on June 16, 2020
A short summary to inform investors of what had happened in the Thai stock market on June 16, 2020.
A short summary to inform investors of what had happened in the Thai stock market on June 16, 2020.
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– SET Index closed at 1,367.13 points, increased 25.14 points or 1.87% with a trading value of 68.4 billion baht. The analyst stated that the Thai stock market edged higher on the positive sentiment from the U.S. market after the Fed’s announcement of the Secondary Market Corporate Credit Facility, which allows the purchasing Corporate Bond to buy private companies’ debentures and bonds as well as in the secondary market with a limited value of 750 billion U.S. dollars.
Nevertheless, the analyst advised investors to hear the economic outlook from the Fed, which will be stated to Congress.
In addition, the analyst expected SET Index’s support level for tomorrow’s session to be at 1,350-1,340 points and the resistance level at 1,375-1,380 points.
– Local Institutions led the buying team with a 2.6 billion baht of net buy, buoying SET Index by 25 points.
– Global Covid-19 cases topped 8 million as the outbreak continued to grow in Latin America.
– “Grab” cut 360 jobs to fight the economic slowdown from the coronavirus outbreak.
– The Thai Cabinet passed a ฿22.4bn domestic-tourism stimulus.
– ACAP announced the fifth default after failing to provide payment for bondholders.
– GPSC entered into a short-term loan agreement with PTT at the amount of 1,500 million baht.
– SEAFCO acquired three new projects in June, totaling 800 million baht.
– BPP and TTW to enter SET50, while seven securities to be listed in SET100.
– TRITN acquired an additional 7% of GLOCON, boosting voting rights to 20%.
– Stocks in Focus on June 16, 2020: ERW (Krungsri Securities TP at ฿4.80/share) and CK (Tisco Securities TP at ฿23.80/share).
Top 10 Most Impact Shares on June 16, 2020
