Inst. Drop SET by 7.6pts with a ฿1.6Bn Selloff as Domestic Factors Weigh on Sentiment

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

SET Index closed at 1,272.34 points, decreased 7.62 points or 0.60% with a trading value of 40.4 billion baht. The analyst stated that the Thai stock market underperformed regional markets as political issues and the vacant position of the Thai Finance Minister weighed on the market sentiment, coupled with the delay of 2021 budget, resulting in investors confidence and sentiment.

The analyst expected the downside trend to continue in tomorrow’s session, giving a support level at 1,270-1,260 points and a resistance level at 1,285-1,290 points.

– Local Institutions poured ฿1.6Bn worth of Thai shares as the market sentiment dropped over domestic factors.