Foreigners and Institutions Combine a ฿4.5Bn Selloff to Plunge SET Index Nearly 20pts

The total value of buying and selling separated by the investor's type as of August 14, 2020.

SET Index closed at 1,327.05 points, decreased 19.64 points or 1.46% with a trading value of 58 billion baht. The analyst stated that the Thai stock market traded lower, in line with other stock markets, especially the European markets and Dow Jones Futures.

The analyst stated that there are uncertainties in the market that caused investors to pull back, such as the trade talk between the U.S. and China, the political issues in Thailand and the anticipation of Thailand’s 2Q GDP that was expected to contract by 13-14% YoY.

The big caps such as energy stocks and commercial banks were unable to climb, causing the market to rebasing, said the analyst.

As for next week’s session, the analyst expected a support level and a resistance level to be between 1,300 – 1,350 points.

– Foreign Investors and Local Institutions combined a 4.5 billion baht selloff, plunging SET Index nearly 20 points.