Home » today » Business » Covid dragged the value of Thai stocks by 6.19 billion, the index ended 1,449 points, falling 8.25%.

Covid dragged the value of Thai stocks by 6.19 billion, the index ended 1,449 points, falling 8.25%.

31 December 2020


2

Thai stocks closed in 2020 at 1,449.35 points, a decrease of 130.49 points or 8.25% from the end of the year ’19, the market cap wooed 6.19 billion points from the coronavirus. Foreign net sales of 2.64 billion in a row for the fourth consecutive year, while “Delta”, the first champion this year.

Movement Thai stock market index closed in 2020 at 1,449.35 points, down 12.60 points or 0.86% from the previous day (29 December), trading value 87,544.51 million baht, but compared to the end of 2019 at 1,579.84 points, down 130.49 points or 8.25. %

In 2020, the index peaked at 1,600.48 points on March 17, before dropping heavily from the global COVID-19 epidemic, causing the index to drop so hard that it had to stop trading Circuit Breaker for 2 consecutive days. Has happened before While the index continued to decline to a low of 969.08 points, the Stock Exchange of Thailand. Must be announced improvements to the short selling criteria, including the Ceiling & Floor criteria and the Circuit Breaker to temporarily stop trading. To reduce volatility

While the market capitalization (Market Cap) decreased 619,948.85 million baht or 3.65%, which is at 16.34 trillion baht from the end of 2019 at 16.69 trillion baht.

Foreign investors net sales of 264,385.79 million baht, domestic institutional investors, net purchases of 33,455.77 million baht, securities accounts, net purchases of 14,221.33 million baht, domestic general investors, net purchases of 216,708.69 million baht.

The top 5 stocks with the highest price increase this year (early to December 29, 2020) consist of: 1. Delta Electronics (Thailand) or DELTA closing price 438 baht or 718.69% 2. Wow Factor company or W closing price 0.28 or 600% 3. Singer Thailand company or SINGER closing price 28 baht or 413.76% 4. Asiasoft Corporation or AS closing price 5.95 baht or 372.22% and 5. The company RCL or RCL closing price 14.40 baht or 306.78%

Mr. Paiboon Nalintraangkun Chairman of the Board The Federation of Thai Capital Market Organizations revealed that the Thai stock market index this year dropped because it was affected by the COVID-19 outbreak due to the Thai economy’s dependence on tourism. This allows investors to sell their stocks to reduce their risk. But the Thai stock market is considered negative. In the middle level Compared with regional stock markets

Mr. Kitpan Phai Phaisarnkit Senior Director and Strategist Securities Company (Securities) UOB Kay Hian (Thailand) revealed that Thai stocks fell to the end of 2020 with two factors: the number of new infected cases increased nearly 250, causing the market to return to concern. There may be darker measures. And the adjustment of stocks to calculate the SET50 Index, which the size of DELTA is 5% of the SET50, has resulted in a weight reduction of other large stocks to prepare liquidity for investing in DELTA stocks.

The overall picture of the Thai stock market returns in 2020 Still inferior to the region In many countries in Asia, the market was positive (YTD) or better than before COVID-19 such as Taiwan and South Korea. Most of them have technology stocks. Resulting in a faster recovery While the Thai stock market does not have this group of stocks Only travel stocks Consumers and services make the market return to adjust less.

“2020 is the year that listed companies have been affected by COVID-19 and in 2021 the hotel group is still the most challenging. Because there is a high debt burden that will have to be paid back this year “

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.