Foreigners and Prop Trade Combine ฿2.7bn of Net Buy, Paving a Path for SET to 1,700pts

– SET closed at 1,674.03 points, increased 8.10 points or 0.49% with a trading value of 71.2 billion baht. An analyst from UOB Kay Hian stated that the surge was due to the announcement from China to exempt import duty of some categories of products from the U.S. The exempt excluded agricultural products such as corn and soybean, still, it is considered a positive sentiment prior to the trade talks between both countries.

SCB was the leader in the highest trading value at 4,423 million baht, increased ฿6.00/share or 5.13% to close the day at ฿123.0/share while BBL came in as the third-highest trading value at 2,227 million baht and close 3.8% up. The surge in the banking sector was due to the higher bond yield after investors turned from safe assets to riskier investments amid positive sentiment from the U.S. and China.

– Foreign Investors and Prop Trade combined a total of net buy at 2.7 billion baht to buoy SET by 8 points.