Foreign Investors and Prop Trade Combines Net Sell of ฿5.5bn to Plunge SET by 0.78 Points

The total value of buying and selling separated by investor's type as of August 14, 2019.

SET closed at 1,619.45 points, decrease 0.78 points or 0.05% with a trading value of THB 71.27 billion. The SET Index closed negatively by 0.78 points in the opposite direction of the regional market. A delight of the regional market might due to the announcement of the U.S. President Donald Trump which he would delay the 10% tariffs on Chinese cell phones, laptops, toys and other consumer goods from the previous deadline on September 1st to December 15th.  

The announcement came after the U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He over the phone. Both parties agreed to discuss more detail on the phone within the next two weeks.

In terms of the domestic market, selling pressure from the bank sector had made the SET Index sharply decreased after Kasikorn Bank (KBANK) and Krung Thai Bank (KTB) announced the loan interest rate cut which narrowed down the Net Interest Margin (NIM) and profit. Although the U.S. announces to delay the tariff, all eyes are still on the trade war between the U.S. and China.

Proprietary Trading and Foreign Investors net sold THB 5,529.93 million to plunge SET Index lower by 0.78 points.