– SET closed at 1,114.91 points, plunged 134.98 points or 10.80% with a trading value of 101 billion baht. The analyst stated that the decline in the Thai stock market was unexpected and also worse than other regional markets, which dropped around 3-9% while European markets plunged around 5% and Dow Jones Futures tanked 6%.
The plummet was due to concerns over the escalation of cases in Thailand that could cause the country to enter Phase 3 infection which would cause a major halt to the economy. Moreover, the new 11 cases were all traveled to tourist attractions, more cases might be found.
The analyst said that the market could continue its plummet in tomorrow’s session, giving a support level at 950 points and a resistance level at 1,150 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a 10.6 billion baht of net sell, plunging SET by 10.80% amid volatility in the market caused by the outbreak of coronavirus.
– In today’s session, SET Index plunged to 1,124.84 points, declined 10%, triggered the Circuit Breaker System, which was implemented to curb excessive volatility in the market.