Institutions and Foreigners Join Hands to Pressure SET with a Selloff of ฿4.9bn
The total value of buying and selling separated by the investor's type as of February 18, 2020.
– SET closed at 1,513.68 points, decreased 13.57 points or 0.89% with a trading value of 4.92 billion baht. The analyst stated that the Thai stock market and regional market faced a selloff as concerns over coronavirus remained while NESDC also lowered Thai’s GDP in 2020 to 1.5-2.5%, causing worries to investors in the market.
Currently, there are no new positive factors to buoy the market, thus, the analyst advised investors to check on the announcement of listed companies for the financial statement in 2019.
For tomorrow’s session, the support level is at 1,510-1,500 points, and the resistance level is at 1,525-1,530 points.
– Local Institutions and Foreign Investors combined a net sell of 4.95 billion baht to plunge SET Index by 13.57 points.
