– SET Index closed at 1,260.08 points, decreased 4.24 points or 0.34% with a trading value of 73.5 billion baht. The analyst stated that the Thai stock market was fluctuating after a huge leap yesterday in response to Joe Biden taking the lead.
The index was able to break the 1,264 resistance level, thus, investors made a profit taking in today’s session. The retreat was not concerning as the closing level was within the support level. As long as the index does not fall below 1,235 points, the market would continue to recover.
The analyst expected next week’s session to be more fluctuating and it would be a good opportunity to accumulate, giving a support level at 1,250-1,240 points and a resistance level at 1,264-1,280 points.
– Local Institutions switched to a selloff on the last trading day of the week, booking 2.1 billion baht on Friday.