Institutions Stand Alone to Pour Thai Market with ฿3.4bn Net Sell
The total value of buying and selling separated by investor's type as of July 12, 2019.
– SET closed at 1,731.59 points, fell 8.86 points or 0.51% with a trading value of THB70.71 billion. The SET Index closed lower on Friday in the opposite direction of regional market which mostly closed higher. Today, Thai Market closed negatively after the BOT has announced the measurement to prevent Thai Baht speculation. As a result, the investors poured to reduce the risk and wait to see a situation. The report of China’s economy showed a decrease in China’s June exports of 1.3% while imports dropped by 7.3% in the same period. However, a decline of China imports and exports in June was higher than Reuters’s economists poll expected at 4.5% and 2%, respectively. Moreover, in 1Q19, the customer data showed a drop of 9% of the total trade between China and the U.S.
Institutions net sold by THB3,354.87 while Proprietary Trading, Foreign Investors, and Individuals combined to buy the dips.