Institutions, Prop Trade and Foreigners Combine a ฿2.7Bn Selloff to Diminish SET’s Gain

A short summary to inform investors of what had happened in the Thai stock market on January 11, 2021.

SET Index closed at 1,536.49 points, increased 0.05 points or nearly flat with a trading value of 93.8 billion baht. The analyst stated that the Thai stock market opened the session with a jump, but pulled back in the afternoon session to close flat due to the movement of KTC and DELTA that fluctuated the market. Meanwhile, the market also faced selling pressure from the banking sector that was on a gaining streak last week. The baht depreciation also concerned investors on a slowdown of fund flow as well. However, the buying pressure in electronics and agricultural stocks to support the market.

In addition, the analyst expected SET Index to continue fluctuating in tomorrow’s session after a rally in the past week, giving a support level at 1,520-1,500 points and a resistance level at 1,540-1,550 points.

– Local Institutions, Proprietary Trading and Foreign Investors combined a 2.7 billion baht selloff to diminish SET’s gain and close flat.