Individuals Buy the Dips for ฿2.28bn, Buoying SET Index to Close Slightly Higher

The total value of buying and selling separated by the investor's type as of February 17, 2020.


SET closed at 1,527.25 points, increased 0.95 points or 0.06% with a trading value of 52.4 billion baht. The analyst stated that investors were weighing impact from coronavirus as cases from the cruise ship near Tokyo increased to 454. Meanwhile, China’s central bank cut mid-term loan interest rates by 10 basis points to help its economy affected by the virus outbreak.

The analyst also stated that there were still no major positive factors to buoy the whole market except for the positive factor to telecommunication operators and those related to network installation works after the bidding for 5G concession.

The SET Index swung sideways in today’s session with not much trading value. The analyst advised investors to keep an eye on the announcement of the 2019 financial statement and the court decision on dissolving Future Forward Party this Friday, which could have an impact on political issues.

The analyst expected the support level at 1,520 points and the resistance level at 1,535-1,540 points.

Local Individuals buy the dips for 2,287 million baht, buoying SET Index in the volatile session to close slightly higher by 0.95 points.

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