Market Roundup 20 January 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,656.96 points, decreased 1.28 points or 0.08% with a trading value of 80.8 billion baht. The analyst stated that the Thai stock market moved in both positive and negative territories, but was still better than Wall Street due to less impact from bond yields.

The analyst expected SET Index to edge higher tomorrow if the U.S. stockpile is not higher than estimated, giving a support level at 1,640 points and a resistance level at 1,680 points.


2) Thailand to resume Test & Go Program from Feb 1

Thailand will resume the registration for Test and Go quarantine-free entry scheme from February 1, with 2 RT-PCR tests will be required within the 1st week of arrival.

The State of Emergency will also be prolonged for a further two months until March 31, whilst controlled provinces or orange zones will be reduced to 44 provinces (from 69), with 25 provinces reclassified as high surveillance zones (yellow zones) and 8 as blue zone sandbox destinations.

Alcoholic drinks can be served in eateries until 11 p.m. in blue zone tourism pilot provinces and yellow zones, but only at restaurants that have obtained SHA+ certificates or Thai Stop COVID 2 Plus certification.


3) GUNKUL plans list “Gunkul Power Development” in Thai stock market

GUNKUL revealed that the company is expecting to list its subsidiary; Gunkul Power Development Company Limited (GPD), in the Thai stock market by early next year.

The listing is to strengthen GPD’s operating efficiency in reserve for future big projects, such as projects from the Electricity Generating Authority of Thailand that will budget its 10-year investment plan worth 100 billion baht, including the transition of underground telephone cable, service line maintenance and floating solar.


4) Foreign investors offload Japanese equities

Foreign traders were net sellers of Japanese shares for the week ended on January 14. The selloff triggered a surge in omicron cases in the country and expectations over the U.S. Federal Reserves earlier than expected rates hike.

Foreign traders offloaded stocks worth worth 344.73 billion yen, marking the most since December 3.