Institutions Switch to Sell, Adding a Selloff from Foreigners to a Total of ฿1.6bn
The total value of buying and selling separated by the investor's type as of February 7, 2020.
– SET closed at 1,535.24 points, decreased 0.55 points or 0.04% with a trading value of 60.5 billion baht. The analyst stated that the market fell slightly on Friday after China failed to release its January trade data, scheduled to be announced late morning today. Some news reporters said that the Chinese authorities aimed to release January trade data along with February trade data next month.
Investors were also waiting to see if companies in China would open on February 10 or not. If not and the death toll keeps rising, its economy could be hurt even more.
The analyst advised investors to wait and see the announcement of the financial statement that will be starting to be released next week while setting a support level at 1,500 points and a resistance level at 1,550-1,555 points.
– Local Institutions turned to net sell Thai shares for 694 million baht, together with 891 million baht selloff from Foreign Investors to plunge SET Index by 0.55 pts.
