Foreigners, Prop Trade and Institutions Sells ฿1.74bn of Thai Shares as Virus Cases Spike

The total value of buying and selling separated by the investor's type as of February 13, 2020.

SET closed at 1,532.77 points, decreased 7.07 points or 0.46% with a trading value of 46.4 billion baht. The analyst stated that the plummet in SET Index was due to the spike in coronavirus (COVID-19) cases after Chinese authorities used a new calculation method to include clinically diagnosed cases into the “confirmed cases,” resulting to a total of 60,000 confirmed cases as of February 12, 2020.

The analyst also stated that contractor-related stocks were volatile in today’s session due to the uncertainty of FY2020 budget voting results. However, the analyst still believed that the FY2020 budget would not be delayed.

The main factor in this situation would be the development of coronavirus which was expected to decrease to near time.

In addition, the analyst gave a support level at 1,525 points and a resistance level at 1,543 points.

Foreign Investors, Proprietary Trading and Local Institutions sold Thai shares worth 1.74 billion baht amid coronavirus cases spiked.