– SET closed at 1,048.15 points, increased 12.98 points or 1.25% with a trading value of 59.1 billion baht. The analyst stated that the SET Index moved in the opposite direction of global markets from buying pressures due to low valuation after a plummet in yesterday’s session while Wall Street rose 5-6% over the night.
Moreover, the new measures for limiting the ceiling and floor as well as new measures for the circuit breaker had eased the market from worrying about a hard sell.
The analyst expected the SET Index to continue its climb, but the increase could be limited from no positive factor to buoy the market.
– Local Institutions and Individuals combined a net buy of THB 4,000 million, buoying the market by 13pts.
– Fitch Ratings downgraded Thailand from “Positive” to “Stable”, but maintained a rating at BBB+.
– Oil on pace to 17 years low, dropped to $25 from a weak demand, COVID-19 and price war.
– EU closed borders for 30 Days while Taiwan banned entry to slow down the spread of coronavirus.
– BA approved a share repurchase program for 24 million shares on March 18 – August 17.
– GUNKUL to enter a repurchase program for 440 million shares from April 1 – September 30.
– SISB to perform e-learning under the advice of the Ministry of Education to prevent COVID-19.
– MAJOR closed all cinemas nationwide in response to the government measures against Covid-19.
– HMPRO closed all Branches in Malaysia following the government’s policy to prevent Covid-19.
– SPA temporarily shut down 33 health massage branches to stop the Covid-19 outbreak.
– SCC offered a dividend at ฿7 and postponed AGM due to the Coronavirus outbreak.
– Stocks in Focus on March 18, 2020: WHA (Asia Wealth Securities TP at ฿4.20/share) and BJC (Kingsford Securities TP at ฿46.75/share).
Top 10 Most Impact Shares on March 18, 2020