Institutions Lead the Buying Team with ฿3.7bn to Buoy the Market after COVID-19 Easing

The total value of buying and selling separated by the investor's type as of April 7, 2020.

SET Index closed at 1,214.95 points, increased 76.11 points or 6.68% with a trading value of 98.9 billion baht. The analyst stated that the Thai stock market made a huge move in today’s session after receiving positive sentiment that the coronavirus outbreak in the U.S. and Europe could reach its peak this week and then started to slow down.

SET Index also received positive factors from the announcement of stimulus plans worth 1.9 trillion baht from the Thai cabinet which would lift the market, remedy people and businesses affected by the virus.

However, the analyst stated that due to a sudden high surge, the stock market could face a profit-taking in tomorrow’s session. Thus, giving a support level at 1,200 points and a resistance level at 1,238 points.

– Local Institutions led the buying team with 3.7 billion baht of net buy, following with a combine of 2.2 billion baht from Proprietary Trading and Foreign Investors to buoy the market by 76 points.