The Thai stock index in the morning fell more than 50 points, worse than the region. After the COVID-19 outbreak was discovered. A new round in the country from the center in Samut Sakhon Province Pressured to have a large selling force. Including stocks that are directly affected by the situation, both export food and retail. Of concern, there may be a widespread lockdown. Which may affect the overall economy
At 9.59 hours, the SET index stood at 1,428.92 points, a decline of 53.46 points or a -3.61% change.
Ms. Teerada Chan Yingyong, director of securities analysis, Phillip Securities (Thailand), said that the Thai stock market fell significantly this morning. Due to concerns about the spread of COVID-19 More broadly in the country And there may be more lockdowns in many provinces if more COVID-19 cases are found, which will lead to less confidence. And affect the economy After having locked down some areas in Samut Sakhon Province With high numbers of people infected with COVID-19
Which can see that there is a selling force in relation to the community Expected to have spending (Spending) at the end of the year, which will now disappear because there is no New Year’s event. Impact in many groups, including theaters, hotels, etc.
The development of the stock market is expected to depend on the presence of COVID-19. Increase or not. By the outbreak in only one place like this around, people quite get some news. But if an outbreak is found in many provinces, it will become more worried that it is difficult to control.
Movement Index today, the market has dropped a lot. For the rest of the day, the market is likely to seep. May rebound some If the number is less infectious daily Which keeps track of whether it is spread elsewhere or not, providing 1,420 support and 1,450 resistance.
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