Individuals Take the Opportunity to Buy Shares at Lower Prices, Scooping ฿1.6bn from SET
The total value of buying and selling separated by investor's type as of November 15, 2019.
– SET closed at 1,602.23 points, plunged 7.24 points or 0.45% with a trading value of 44.5 billion baht. The regional market mostly closed higher due to the hopes on the U.S. and China to strike the deal soon after the Chinese Ministry of Commerce spokesman Gao Feng said overnight that both parties were holding deep discussions about a “phase one” deal. However, Gao Feng stated that the rolling back of tariffs was the key to reaching an agreement.
The analyst stated that the plummet in the Thai stock market might due to the disappointment from most 3Q19 statements that reported a lower profit, especially all the big cap stocks. The support level for the next week was at 1,590-1,580 points while the resistance level was at 1,620 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a net sell of 1.6 billion baht to plunge the market by 7 points amid trade optimism between the U.S. and China.
