Market Roundup 11 March 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,658.01 points, increased 10.93 points or 0.66% with a trading value of 78 billion baht. The analyst stated that the Thai stock market bounced back after being pressured in the morning session by the failed peace talks between Russia and Ukraine, but there are positive signs of a schedule for the next meeting. The analyst  expected next week to continue on an uptrend with a support level at 1,650 points and a resistance level at 1,670 points.


2) JV of CK and STEC signs construction deal for MRT Purple Line worth THB35 Billion

The CKST-PL Joint Venture, consisted of CH.Karnchang Plc. (SET: CK) and Sino-Thai Engineering and Construction Plc. (SET: STEC), signed two contract agreements with the Mass Rapid Transit Authority of Thailand on Friday as the contractor for the Purple Line project, Tao Pun-Rat Burana (Kanchanapisek Road) Section, valued at THB35,308 million.


3) US to delist ADR Chinese securities

U.S. SEC identified U.S.-listed American depositary receipts of Chinese companies that could be subject to delisting if they failed to comply with certain auditing requirements. The five companies are Yum China, BeiGene, Zai Lab, ACM Research and HUTCHMED.