Institutions-Foreigners Combine ฿3.5bn Net Sell to Drop SET 9pts Prior to Fed’s Meeting
The total value of buying and selling separated by investor's type as of September 18, 2019.
– SET closed at 1,654.14 points, fell 9.79 points or 0.59% with a trading value of 64.8 billion baht. Analyst from Krungsri Securities stated that SET Index fell sharply today due to the plummet of energy and petrochemical sector after Saudi Arabia announced a fully recover of its oil plants by the end of September which caused oil prices to plunge 5% yesterday.
Analyst advised to keep an eye on Fed’s decision tonight for an interest rate cut which could have signaled how Thai MPC would act in its meeting next week. The direction of the market tomorrow depends on the Fed’s meeting. Global stock markets could have faced a huge selloff if the Fed maintains the rate.
– Local Institutions and Foreign Investors made a huge selloff for a total of 3.5 billion baht prior to Fed’s meeting.
