A Profit-Taking of ฿4Bn from Institutions Plunges SET 19pts as Individuals Buy the Dips

The total value of buying and selling separated by the investor's type as of November 24, 2020.

SET Index closed at 1,401.63 points, decreased 18.80 points or 1.32% with a trading value of 102 billion baht. The analyst estimated that the plummet was due to a profit-taking after the index made a rally over 200 points in November, while there are no major negativity to weigh down the market as of now beside political gatherings, expected to show up at The Crown Property Bureau, to pressure the Thai PM for resignation and monarchy reform.

The analyst advised to monitor the development of tomorrow’s protest, giving a support level at 1,400-1,390 points and a resistance level at 1,435-1,450 points.

– Local Institutions poured over 4 billion baht of Thai shares for profit-taking, while Individuals scooped 3.5 billion baht into the portfolio.