Foreigners and Institutions Sell the Rips at Year’s End for ฿5.4Bn, Dropping SET by 33pts

A short summary to inform investors of what had happened in the Thai stock market on December 28, 2020.

SET Index closed at 1,452.67 points, decreased 33.64 points or 2.26% with a trading value of 103 billion baht. The analyst stated that the Thai stock market made a jump in the morning session, but started to decline in late morning and dipped into the negative territory at the end of the session. The decline might be due to a profit taking before the long holiday and the institutional investors’ window dressing and portfolio adjustment. Meanwhile, the resurgence of the coronavirus could weigh investors’ sentiment down as the spread in Thailand has widened.

More importantly, the decline at the end of session was due to the selling pressure from DELTA, BAY and AEONTS after a series of gains.

In addition, the analyst suggested investors to monitor the resurgence of the coronavirus outbreak in Thailand, giving a support level at 1,450 points and a resistance level at 1,485 points.

– Foreign Investors and Institutions combined a ฿5.4Bn of net sell to plunge SET Index by 33.64 points.

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