Market Roundup 25 February 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,679.90 points, increased 17.18 points or 1.03% with a trading value of 87 billion baht. The analyst stated that the Thai stock market bounced back after investors assessed that the situation in Ukraine did not spread further and western countries did not retaliate against Russia with military forces, but sanctions instead. Still, the analyst recommended investors to keep an eye on the situation as well as the Fed’s statement next week.

The analyst expected SET Index next week to move at a wider range, giving a support level at 1,670-1,660 points and a resistance level at 1,695-1,700 points.


2) Chinese SOEs take over 2 more assets of China Evergrande

According to corporate registry records, at least two more developments of China Evergrande Group have been taken over by state-owned enterprises. The development came as the developer struggled to complete projects amid a massive stockpile of debt.


3) Ukrainian president complains western countries for no action against Russia

Ukraine’s president on Friday said his country has been left one to fight back Russia as the Kremlin launched a large-scale invasion that killed 130 Ukrainians on the first day.

Slamming western allies, the president said: “Who is ready to fight alongside us? I don’t see anyone. Who is ready to give Ukraine a guarantee of Nato membership? Everyone is afraid.”