Institutions Lift SET Index by 35pts to Challenge the 1,500 Resistance Level Next Week!
The total value of buying and selling separated by the investor's type as of December 25, 2020.
– SET Index closed at 1,486.31 points, increased 34.79 points or 2.40% with a trading value of 88.2 billion baht. The analyst stated that the Thai stock market made a high leap in today’s session, but could be a short-term gain due to the impact of DELTA (15pts to SET) and BAY (5pts to SET) that lifted the majority of the market.
Moreover, the market also received positive sentiment from the Brexit agreement between the EU and U.K. after years of negotiation.
The analyst stated that if DELTA does not slowdown, SET Index could continue its hike to challenge the resistance level at 1,500 points. Meanwhile, the analyst gave a support level at 1,450 points and advised to monitor the development of the resurgence of the coronavirus in Thailand.
– Local Institutions continued to lift SET Index higher with a net buy of 1,490 million baht.
