A ฿1.2Bn Selloff from Foreigners Narrows SET’s Gain to Close 4.5pts Higher

The total value of buying and selling separated by the investor's type as of November 16, 2020.

SET Index closed at 1,351.06 points, increased 4.59 points or 0.34% with a trading value of 78.4 billion baht. The analyst stated that the Thai stock market moved in the same direction of the regional markets as well as the Dow Jones Futures that started hiking as Joe Biden continuously gained more votes in the 2020 presidential election, while the soon-to-be the 46th president of the United States did not have plans for a nation lockdown, but instead, only in some areas or states.

However, the gain in SET Index dropped lower in the afternoon due to the selling pressure prior to the tomorrow political gatherings from the pro-democracy protesters.

The analyst advised investors to monitor the economic situation to see a potential recover after the plummet as well as Thailand’s Monetary Policy Meeting on November 18, which is expected to maintain the policy rate.

In addition, the analyst expected a sideways trend in tomorrow’s session, coupled with a slowdown due to political concerns.

– Foreign Investors net sold 1,239 million baht of Thai shares, still, the buying pressure from Institutional Investors, Prop Trade and Local Individuals pushed the index further by 4.5 points.