A ฿2.6Bn Selloff from Institutions Drops SET by 1pt amid Political Concerns

The total value of buying and selling separated by the investor's type as of November 17, 2020.

SET Index closed at 1,349.81 points, decreased 1.25 points or 0.09% with a trading value of 90 billion baht. The analyst stated that the Thai stock market dropped sharply in the afternoon session in concern of political gatherings at the Government House in which the tension escalated rather quickly.

The analyst stated that the stock market had been gaining over 100 points in recent days, thus, it is evident that the flow would slow down as investors wait and see the resolution from the parliament on the discussion of constitutional amendment.

In addition, the analyst expected SET Index to maintain at this level in tomorrow’s session, giving a support level at 1,340-1,335 points and a resistance level at 1,355-1,360 points.

– Local Institutions net sold Thai shares for a total of 2.6 billion baht, coupled with a 842 million baht selloff from Proprietary Trading to plunge SET Index by 1.25 points.