Institutions and Foreigners Combine a ฿1.3Bn Net Buy To Buoy SET by 6.5pts

The total value of buying and selling separated by the investor's type as of August 26, 2020.

SET Index closed at 1,322.55 points, increased 6.56 points or 0.50% with a trading value of 48.2 billion baht. The analyst stated that the Thai stock market moved narrowly without any positive factors to drive the market, resulting in a lower trading volume.

The trading trend now switched to laggard stocks such as the financial sector that were underperforming the market.

The analyst advised investors to monitor the Fed’s meeting on 27-28 August to see the economic outlook. Meanwhile, the economic data of the U.S. and Eurozone will be gradually reported starting later this week.

The analyst expected the sideways trends to continue in these upcoming days, giving a support level for tomorrow’s session at 1,300 points and a resistance level at 1,330 points.

– Local Institutions joined with Foreign Investors to buoy SET Index by 6.5 points with a net buy of 1.3 billion baht.