Local Institutions Plunges SET to 4-Year Low with ฿4.5bn Selloff amid Fears over COVID-19
The total value of buying and selling separated by the investor's type as of February 26, 2020.
– SET closed at 1,366.41 points, decreased 72.69 points or 5.05% with a trading value of 93.1 billion baht. The analyst stated that the SET Index fell more than regional markets due to panic over the spreading of coronavirus after some citizens concealed the information of infection while attending to the hospital, raising alarm to people as well as the stock market.
The analyst believed that the market will continue to fluctuate, setting a support level at 1,350-1,330 points and a resistance level at 1,400 points.
– Local Institutions plunged SET to its 4-year low with a net sell of 4.5 billion baht, while Foreign Investors made a net sell of 833 million baht to seek safer assets.
