Foreigners and Individuals Combine a ฿2.2Bn of Net Buy to Keep SET Index above Flat Line

– SET Index closed at 1,616.98 points, increased 0.48 points or 0.03% with a trading value of 93 billion baht. The analyst stated that the Thai stock market rebounded from a plummet at the opening and closed higher, following the increase in European markets and Dow Jones Futures.

The banking sector, especially KBANK, boosted the market, while seeing positive momentum for domestic factors. SCB continued to slow down due to its sudden surge last week.

The sentiment in the country improved after the Monetary Policy Committee voted unanimously to maintain policy rates at 0.50%, giving stability in the baht currency after a depreciation in recent weeks.

In addition, the analyst expected the Thai stock market tomorrow to move in sideways-up trends after dropping to a support level of 1,600 points today, giving a support level at 1,610 points and a resistance level at 1,630 points.

– A net buy of 2.2 billion baht from Foreign Investors and Individuals buoyed SET Index to close slightly above the flat level.