– SET Index closed at 1,408.31 points, decreased 29.47 points or 2.05% with a trading value of 120 billion baht. The analyst stated that the Thai stock market plunged in the same direction as regional markets prior to MSCI rebalance.
Moreover, domestic sentiment was weighed down from concerns of a resurgence of coronavirus that the carrier could be a super spreader. The analyst also suggested investors to monitor the judgement of the Constitutional Court regarding the Thai PM’s allegation of violating the law of using nursing homes beyond his availability.
The analyst stated that the market has a tendency to slightly recover in tomorrow’s session, but political issues would remain as negative factor, giving a support level at 1,405 points and a resistance level at 1,420-1,425 points.
– A selloff worth 7.35 billion baht from Local Institutions and Foreign Investors plunged SET Index by nearly 30 points.