Individuals Hoist SET by 5.5pts with a Combined-฿1.1Bn Net Buy with Prop Trade-Foreigners

The total value of buying and selling separated by the investor's type as of October 5, 2020.

SET Index closed at 1,242.99 points, increased 5.45 points or 0.44% with a trading value of 39.4 billion baht. The analyst stated that the Thai stock market moved in line with other stock markets in rebounding from last week’s plummet over reports of President Trump’s improving health as he’s treated for Covid-19.

However, the president’s doctors also began treating him with dexamethasone, a steroid that has shown promise for critically ill patients, but may cause side effects or harm to those with less severe Covid-19 symptoms.

Nevertheless, the analyst believed that today’s session was a short rebound, suggesting investors to monitor the development of the coronavirus pandemic as well as the preview of 3Q earnings.

The analyst expected a support level for tomorrow’s session at 1,240-1,230 points and a resistance level at 1,250 points.

– Individuals led the buying team with a 955 million baht of net buy to buoy SET Index by 5pts.