Institutions and Prop Trade Combine a Net Sell of ฿967M, Dropping SET by 2.5pts

The total value of buying and selling separated by the investor's type as of September 10, 2020.

SET Index closed at 1,290.89 points, decreased 2.51 points or 0.19% with a trading value of 42.1 billion baht. The analyst stated that the Thai stock market moved with in sideways trends, but could not surpass the 1,300 resistance level as investors monitored the ECB meeting and the possibility of the second wave of Covid-19. Meanwhile, political issues were the main factors that dragged the market down.

The analyst advised investors to keep track of Covid-19 vaccine and the U.S. jobless claims, giving a support level for tomorrow’s session at 1,285-1,280 points and a resistance level at 1,300 points.

– Local Institutions and Proprietary Trading combined a 967 million baht selloff to plunge SET Index by 2.5 points, while Foreign Investors recorded only 2.6 million baht of net buy.