– SET closed at 1,523.93 points, decreased 11.31 points or 0.74% with a trading value of 52.6 billion baht. The analyst stated that the Thai stock market edged lower as investors were weighing the impact of coronavirus while waiting for new positive factors to boost the market, coupled with a GDP forecast cut from 2.8% to 2.2-2.3% in 2020.
The FY2020 budget could give a spark to the market, but still need to be approved. Thus, the analyst suggested investors to keep an eye on the announcement of financial statements from listed companies while giving a support level at 1,510 points and a resistance level at 1,530 points.
– Local Institutions poured 1,003 million baht back to the market, plunged SET Index by 11 points.