A ฿6.6Bn of Fund Inflow Flood the Market as JP Morgan/CS Upgrade Outlook on Thailand

The total value of buying and selling separated by the investor's type as of December 8, 2020.

SET Index closed at 1,478.92 points, increased 29.09 points or 2.01% with a trading value of 123 billion baht. The analyst stated that the surge in today’s session was higher than anticipated, while outperforming other stock markets due to the fund flow from Foreign Investors after big financial groups overseas upgraded their Outlook on Thailand to Positive/Overweight.

The analyst stated that SET Index could challenge the resistance level at 1,500 points, but might face a slow down during the hike, giving a support level at 1,460-1,455 points and a resistance level at 1,490 points.

– A fund inflow worth 6.68 billion baht from Foreign Investors pushed SET Index to close higher near 30pts with a total trading value of 123 billion baht.