Prop Trade, Institutions and Individuals Combine a ฿1.1Bn Net Buy, Buoying SET 13.5pts

The total value of buying and selling separated by the investor's type as of October 7, 2020.

SET Index closed at 1,263.71 points, increased 13.56 points or 1.08% with a trading value of 52.3 billion baht. The analyst stated that the Thai stock market surged in the afternoon session in anticipation of the new stimulus measures, following the initial approval on “Shop Dee Mee Kuen” (Shop and Payback), which would allow the expense from shopping for tax deduction.

Meanwhile, regional and European stock markets were in both negative and positive territory in response to the uncertainty of the U.S. stimulus package that the U.S. President Donald Trump ordered a halt in stimulus talks until after the election in November.

The analyst expected tomorrow’s session to move in a sideway and sideway up trends with a support level at 1,250 points and a resistance level at 1,270 points.

– Proprietary Trading, Local Institutions and Local Individuals buoyed SET Index with a total of 1.1 billion baht net buy.