Institutions and Foreigners Pullback THB2 Billion as SET Index Falls 12pts
The total value of buying and selling on September 7, 2021, categorized by the investor's type
– SET Index closed at 1,636.45 points, decreased 11.92 points or 0.72% with a trading value of 101 billion baht. The analyst stated that the pullback in late afternoon caused the Thai market to fall, especially for big-cap stocks that RSI indicated overbought.
Nevertheless, the analyst noted that the sentiment remained positive and advised investors to focus on small and mid-cap stocks.
In addition, the analyst expected the Thai market to continue retreating due to the profit-taking in big-cap stocks, giving a support level at 1,630-1,615 points and a resistance level at 1,645 points.
– Local Institutions and Foreign Investors continued to pressure the market with a net sell of 2,000 million baht.
