Institutions Buoy SET by 18.5pts after a Huge Net Buy of ฿5.5bn!

The total value of buying and selling separated by investor's type as of October 11, 2019.

SET closed at 1,626.00 points, jumped 18.50 points or 1.15% with a trading value of 61.6 billion baht. KT Zmico stated that the market was supported by the energy sector that made a huge jump after oil price hiked 2% from the news of Iranian oil tanker exploded near Saudi Arabia’s port. The cause of the explosion had yet to be confirmed.

Moreover, the market had a positive factors since the opening after the U.S. President Donald Trump tweeted that the trade talks were going well and he would meet Chinese VP Liu He today.

However, KT Zmico stated that the increase could be a short-term hike as the 3Q19 financial report of listed companies had yet to be released and the overall outlook is still going downward.

Local Institutions made a huge purchase for a total of 5,545 million baht after, led the group in buying for the second day after a huge selloff last week.