Institutions and Prop Trade Keep the Market Afloat at 1pts with a Net Buy of ฿800m
The total value of buying and selling separated by investor's type as of October 15, 2019.
– SET closed at 1,627.01 points, increased 1.01 points or 0.06% with a trading value of 51 billion baht. Finansia Syrus stated that the index moved sideways narrowly, inline with the regional markets from the uncertainty of trade deal after China said that it would need another meeting before committing to any agreement.
A financial statement from the banking sector will be announced this week which is what investors must keep a close eye on as well as the development of Brexit deal.
Finansia expected the market to continue to move sideways, giving a support level at 1,620 and a resistance level at 1,635.
– A selloff for a total of 831 million baht from Foreign Investors plunged SET to close slightly higher by 1 point.
