Thai Stock Market Roundup February 4, 2020

A short summary to inform investors of what had happened in the Thai stock market on February 4, 2020.


SET closed at 1,519.38 points, increased 23.32 points or 1.56% with a trading value of 58.7 billion baht. The analyst stated that the SET Index made a rebound after a plummet of 1.2% yesterday and over 4% since the virus outbreak. The banking sector and energy sector saw some inflow as European markets and Dow Jones Futures also rose higher.

The analyst expected the situation of an outbreak will start to get better after the first quarter of 2019 while advised investors to wait for the direction of MPC tomorrow.

In addition, the support level was set at 1,500 points and the resistance level at 1,520-1,530 points.

Local Institutions made a 1.9 billion baht purchase while Foreign Investors continued to buoy SET with 450 million baht of the net buy.

IVL commercialized the Olefins Gas Cracker Plant in the USA to fortify integrated oxides business.

BPP invested JPY1,143 million in virtual power plant and energy trading in Japan.

SUPER aimed to increase shareholding stake in 2 subsidiaries to pump revenue recognition.

EA acquired 74.99% of LPD to invest further in the palm oil plant.

– Hong Kong’s reported the first death from coronavirus! China’s death toll broke 400.

AOT boosted aviation businesses amid the virus outbreak by issuing incentives to airlines.

PTTGC joined ALPLA to establish ENVICCO for operating high-quality recycled plastic.

GPSC established a treasury center to support future investment.

JASIF reported a 110% jump in net profit to ฿10.7bn mainly due to higher income from OFC.

DTAC, TRUE, CAT and ADVANC submitted bidding envelopes for 700 MHz, 1800 MHz and 2600 MHz spectrum to NBTC.

– Thai Cabinets approved a stimulus plan to boost the economy amid the virus outbreak.

– Stocks in Focus on February 4, 2020: ADVANC (Krungsri Securities TP at ฿257.00/share) and CHG (Maybank Kim Eng TP at ฿3.20/share).

 

Top 10 Most Impact Shares on February 4, 2020

Back to top button