Foreigners Combine a ฿758Mn Net Buy with Institutions to Buoy SET by 6pts
The total value of buying and selling separated by the investor's type as of October 912, 2020.
– SET Index closed at 1,273.43 points, increased 6.29 points or 0.50% with a trading value of 46.5 billion baht. The analyst stated that the Thai stock market moved in line with the regional and the European markets and closed 0.50% higher as investors hope for the U.S. stimulus talks to buoy the economy, impacted by the coronavirus pandemic.
As for domestic factors, the market regained confidence after Arkom Termpittayapaisith took the Ministry of Finance position and advanced in recovering Thailand’s economy. Meanwhile, the new measure by the Thai government to stimulate domestic consumers also reflected well to the market.
Due to a holiday on October 13, the analyst expected SET Index to fluctuate on October 14 due to the political gathering from the pro-democracy protestors, giving a support level at 1,260 points and a resistance level at 1,280 points.
– Local Institutions and Foreign Investors combined a total of 1.1 billion baht net buy to buoy SET by 6.3 points.
