Market Roundup 26 April 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,668.97 points, decreased 6.36 points or 0.38% with a trading value of 81 billion baht. The analyst stated that the Thai stock market fluctuated in today’s session, partly from the weak Thai baht and Fed’s aggressive move on rate hike. 

The analyst expected SET Index tomorrow to move in sideways trends without any positive factor to drive the market, giving a support level at 1,665-1,670 points and a resistance level at 1,685-1,690 points.


2) Japan adds 6.2 trillion yen to subside rising costs on consumers and businesses

Japan announced measures to counter the blow to consumers and businesses from soaring fuel and food costs that caused the Japanese yen to dip it to a two-decade low.

According to the cabinet office, 6.2 trillion yen will be funded from sources including an additional budget and existing reserves. Once private sector contributions are included, the estimated scale of the measures widens to 13.2 trillion yen.


3) SCB to trade in Thailand’s SET Index tomorrow and delist SCBB

The Stock Exchange of Thailand (SET) stated that SCB X Public Company Limited (SET: SCB) will be listed and first traded on the Thai stock market on April 27, 2022, while The Siam Commercial Bank Public Company Limited (SET: SCBB) will be delisted on the same day. 


4) Thailand exports reach 30-year high in March

Exports in Thailand reached a 30-year high of US$28,859.6 million in March, the Ministry of Commerce reported on Tuesday. 

Meanwhile, imports have grown 18.0 percent to US$27,400.6 million, resulting in a US$1,459.1 million trade surplus.

In the first quarter of 2022, Thailand’s exports increased by 14.9 percent to US$73.601.4 million, while imports rose by 18.4 percent to US$74.545 million, leading to a trade deficit of US$944 million.