Institutions-Prop Trade Combine a Net Buy of ฿2.4bn to Hike SET by 16 Points!

The total value of buying and selling separated by the investor's type as of February 12, 2020.

SET closed at 1,539.84 points, increased 15.91 points or 1.04% with a trading value of 54.8 billion baht. The analyst stated that the Thai stock market continued its gain as investors shrugged off virus fear after new cases showed a slower sign. Investors’ attention now turned to the announcement of financial statements starting from this week. Meanwhile, the U.S. Federal Reserve also had a positive outlook on the U.S. economy as well, sending positive factors across equity markets.

The analyst suggested investing in energy, Telecom, banking and refinery-related sectors with a support level at 1,530 and a resistance level at 1,550.

Local Institutions and Proprietary Trading combined a net buy of 2.4 billion baht, shrugged off coronavirus fear.