Institutions-Foreigners Lack Confidence and Withdraw ฿3.85Bn from the Thai Market

The total value of buying and selling separated by the investor's type as of October 15, 2020.

SET Index closed at 1,242.96 points, decreased 21.03 points or 1.66% with a trading value of 54.2 billion baht. The analyst stated that the Thai stock market plunged heavily in the afternoon session, pressured by political issues as protesters continued to gather, despite the emergency decree.

Meanwhile, the European stocks also traded lower by 2-3% after U.K. announced another coronavirus lockdown.

The analyst stated that the Thai stock market could fluctuate in tomorrow’s session due to concerns of prolonged protest, giving a support level at 1,230 points and a resistance level at 1,250-1,260 points.

– Local Institutions and Foreign Investors took a step back from investment and withdrew 3.85 billion baht in a market selloff.