Foreign Investors Lift the Market with a ฿1.1Bn Net Buy as SET Closes Near 13pts Higher
The total value of buying and selling separated by the investor's type as of July 31, 2020.
– SET Index closed at 1,328.53 points, increased 12.79 points or 0.97% with a trading value of 61.2 billion baht. The analyst stated that the Thai stock market moved in a sideways trends close to the crucial support level at 1,300 points, but was able to rebound, buoyed by the big caps, due to the heavy selloff in earlier sessions.
The overall outlook still fluctuated after the Eurozone GDP reported a contraction, but close to the forecast. The market would have limited upside due to a lack of positive factors.
The analyst suggested investors to monitor the U.S. new stimulus plans as the previous one would expire today. Meanwhile, the Thai Monetary Policy Committee would meet next week for a monetary review.
The support level for next week is 1,300 points and a resistance level is at 1,330-1,340 points.
– Foreign Investors led the buying team with a 1.1 billion baht net buy to buoy SET Index by 12.8 points.