A ฿3.2bn Buyback from Institutions Buoy SET by 3.5pts after Falling 120pts in 3 Weeks
The total value of buying and selling separated by the investor's type as of February 25, 2020.
– SET closed at 1,439.10 points, increased 3.54 points or 0.25% with a trading value of 80.9 billion baht. The analyst stated that the market made a technical rebound after falling for a total of 120 points in three weeks. The rebound was in the same direction of other stock markets in Asia, while European markets opened higher, but also volatile in their morning sessions.
The analyst gave small weighing in political issues while asserted that after the censure, the stock market usually climbed higher.
SET Index would be able to continue its climb, but would also face profit-taking along the way. The analyst gave a support level at 1,435 points and a resistance level at 1,450 points.
– Local Institutions bought back 3.2 billion baht to buoy SET Index by 3.5pts.
