Foreigners Lead the Buying Team Worth ฿3.9Bn to Buoy SET Index by 9pts

A short summary to inform investors of what had happened in the Thai stock market on December 29, 2020.

SET Index closed at 1,461.95 points, increased 9.28 points or 0.64% with a trading value of 77.7 billion baht. The analyst stated that the market swung in the opposite direction of DELTA as big-cap stocks in the energy, banking and telecommunication sectors remained firm.

In the meantime, the analyst pointed that the ups and downs pandemic situation in Thailand will be a risk factor that the market will face next year.

In addition, the analyst expected SET Index to fluctuate in tomorrow’s session, but still has the potential to edge higher after the index was able to maintain above the 1,450 resistance level, while giving a resistance level at 1,470-1,480 points.

– Foreign Investors net bought 3.9 billion baht of Thai shares, coupled with a net buy of 1.2 billion baht from Local Institutions to buoy SET Index by 9 points.