1) Thai stock market overview
Thailand’s SET Index closed at 1,673.87 points, decreased 4.64 points or 0.28% with a trading value of 73 billion baht. The analyst stated that the Thai stock market moved narrowly in sideways trends without any factors to buoy the market. Meanwhile, the situation between Russia and Ukraine seems to prolong with a failed negotiation between U.S. and China.
The analyst expected SET Index to continue moving in sideways trends giving a support level at 1,670-1,660 points and a resistance level at 1,680-1,690 points.
2) China Eastern Airlines Boeing 737 crashes with 132 people on board
China’s aviation authority has made a statement confirming that a China Eastern Airlines Boeing 737 passenger plane carrying 132 people on board has crashed in the Guangxi region.
The flight claimed to be MU5735, though no confirmation from the Chinese authority as of now.
The share price of Boeing fell 8% in pre-market.
3) Russian Central Bank to purchase govt bonds in open market operation
The Russian Central Bank will buy government bonds in an open market operation on Monday, the government regulator said on Friday afternoon.
Trading of bonds and shares on Russia’s financial markets has been suspended since February 25, following the economic sanctions on Moscow for its invasion of Ukraine that sent the rubble tumbling.
4) Malaysian Ministry proposes digital currencies as legal tender
The Malaysian Ministry of Communications and Multimedia has proposed that digital currencies such as cryptocurrency be adopted as legal tender to help the younger generation who are active users of the currency, especially on non-fungible tokens (NFTs) trading platforms.
Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin said the ministry will look into ways to increase the youth’s involvement in digital currencies as it is the future of finance.
