– SET Index closed at 1,208.75 points, decreased 24.93 points or 2.02% with a trading value of 54 billion baht. The analyst stated that Thai stock market underperformed regional markets that closed higher in response to the progress of the U.S. stimulus bills and the improvement in China’s 3Q GDP. Meanwhile, SET Index closed lower due to political concerns that disperse to major spots in the country.
Investors continued to net sell Thai stocks since last week, led by the banking sector in the loser board as the momentum for 3Q earnings could remain low and the growing concerns of rising NPL after the Bank of Thailand would not extend its temporary debt suspension measure.
The analyst expected a slight rebound in tomorrow’s session as the index plunged nearly to an important support level at 1,200 points as the political unrest continued to limit upside in the Thai stock market. The analyst gave support levels for tomorrow’s session at 1,200 points and a resistance level at 1,220-1225 points.
– Local Institutions set sold 3.7 billion baht of Thai shares while Local Investors took the chance to purchase at a lower price with a net buy of 2.5 billion baht.