Institutions Lead the Buying Team with ฿1,060M to Buoy SET by 5.7pts

The total value of buying and selling separated by the investor's type as of May 18, 2020.

SET Index closed at 1,286.53 points, increased 5.77 points or 0.45% with a trading value of 55.9 billion baht. The analyst from Finansia Syrus stated that the Thai stock market moved in the same direction as regional and European markets, while Dow Jones Futures advanced more than 300 points after Fed Chairman Jerome Powell gave a positive view on the US economy, expecting to start recovering throughout the 2H20.

Today’s session was supported by the buying pressure from the energy sector, following the higher crude prices.

The analyst expected the Monetary Policy Committee (MPC) to maintain the policy rate in the meeting this Wednesday.

The support level for tomorrow’s session is 1,280 points and the resistance level is 1,300 points. The market is expected to swing sideways.

– Local Institutions led the buying team with a 1,060 million baht net buy to buoy the market by 5.7pts.