Institutions Stand Alone as a Buyer, Buoying SET by 15pts with a ฿5.5bn Net Buy
The total value of buying and selling separated by the investor's type as of February 5, 2020.
– SET closed at 1,534.14 points, increased 14.76 points or 0.97% with a value of 67.4 billion baht. The analyst stated that the Thai market made a rebound for a second day, following global markets that were trying to recover from the plummet last week. SSEC was up 1.25% after a huge selloff on Monday’s session.
SET Index continued to edge higher in the afternoon after the announcement of a rate cut from MPC which would benefit stocks with loan businesses such as MTC and SAWAD while the banking sector could have hurt from the policy.
The analyst believed SET Index would continue its gain in tomorrow’s session, setting a support level at 1,515-1,520 points and a resistance level at 1,535-1,550.
– Local Institutions, as a lone buyer in today’s session, buoyed SET by 15 points with a 5.5 billion baht net buy.
