A ฿4.1Bn of Fund Inflow from Foreigners Buoy SET by 15pts amid Political Concerns
The total value of buying and selling separated by the investor's type as of November 18, 2020.
– SET Index closed at 1,364.59 points, increased 14.78 points or 1.09% with a trading value of 66.8 billion baht. The analyst stated that SET Index outperformed regional markets in today’s session amid political issues that were expected to end within today if confrontation could be avoided. As for foreign investors, the analyst expected further fund inflow due to baht appreciation.
Meanwhile, the European markets and Dow Jones Futures were slightly lower due to the spread of coronavirus, resulting in a partial lockdown in some areas.
OPEC and its allies were set to meet later this month to discuss their production plans in 2021. The analyst expected the group to extend production cuts at 7.7 million barrel per day for another three months.
In addition, the analyst expected a swing in tomorrow’s session, giving a support level at 1,340 points and a resistance level at 1,360 points.
– Foreign Investors buoyed SET Index nearly 15 points with a 4.1 billion baht of net buy amid political concerns in Thailand.