It is Time for Institutions to Pour Back, the 3bln. Selloff Causes SET to plunge 34 pts.
The total value of purchasing and selling separated by investor type as of December 25, 2018.
Local institutions decided to start its selloff after a long streak of buying, poured ฿2.91 billion back to the market along with a combination of ฿780 million from proprietary trading and foreign investors, while local individuals saw the opportunity to buy the dips at its lowest.
SET closed at 1,556.65 points, dived 34.64 points or 2.18% with ฿33 billion in value. The volatility and negative sentiment from Wall Street hit Asia markets on December 25. NIKKEI entered bear market after closing at 19,155.74 points, slumped more than 1,010 points or 5%. It was the worst December in Japan stock history. European stocks and Wall Street will be closed during Christmas, giving a short break for this landslide in the market.