Institutions, Prop Trade and Foreigners Panic over Coronavirus, Pouring ฿7.8bn in Total
The total value of buying and selling separated by the investor's type as of January 27, 2020.
– SET closed at 1,524.15 points, declined 45.40 points or 2.89% with a trading value of 69.1 billion baht. The analyst stated that the market panicked over the jumping number of the death toll in China from coronavirus which led to the announcement of Chinese authorities to prevent its travelers from going overseas in fear of contagion.
Stocks related to airlines, hotels, and even hospital businesses took a huge blow due to an expectation of lower Chinese travelers in the celebration of Chinese New Year. The plummet could be seen in AOT’s share price as a topmost active in value to plunge by 3.85%.
The uncertainty in the FY2020 budget whether to be nulled remained a negative factor for Thai political issues.
The analyst set a support level at 1,500 points and a resistance level at 1,530-1,540-1,550 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a 7.85 billion baht net sell to plunge SET Index by 45 points over the fear of coronavirus.