SET rebounds sharply as govts, central banks stand ready to stimulate economies 

The daily trade volume was Bt70.048 billion, with an index high of 1,380.39 and a low of 1,352.22.
A Krungsri Securities stock analyst had predicted the SET Index would rise to between 1,355 and 1,360 points due to rebounding global stocks from expectation that the US Federal Reserve and central banks worldwide would cooperate with financial organisations such as the International Monetary Fund (IMF) and World Bank to issue measures to relieve the impacts of the Covid-19 virus.
On Monday, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass issued a joint statement saying they stand ready to help member countries address the human tragedy and economic challenge wrought by the Covid-19 virus.
Meanwhile, the Thai government has pledged to launch economic stimulus packages just as other governments around the world are starting to do.
The top ten stocks with the highest trade value today were BAM , CPAll, PTT, AOT, Advanc, PTTEP, KBank, Gulf, SCB and CRC.
Elsewhere in Asia, Japan’s Nikkei Index closed at 21,082.73, down 261.35 points, or 1.22 per cent.
China’s Shanghai SE Composite Index ended the day at 2,992.90, up 21.97 points, or 0.74 per cent, while the Shenzhen SE Component Index closed at 11,484.21, up 102.45 points, or 0.90 per cent.
Hong Kong’s Hang Seng ended at 26,284.82, down 6.86 points, or 0.026 per cent.
South Korea’s Kospi closed at 2,014.15, up 11.64 points, or 0.58 per cent.
Taiwan’s TaiEx ended at 11,327.72, up 157.26 points, or 1.41 per cent.