A ฿2.2Bn Net Buy from Prop Trade, Foreigners and Individuals Support SET Index by 3pts

A short summary to inform investors of what had happened in the Thai stock market on January 12, 2021.

SET Index closed at 1,539.85 points, increased 3.36 points or 0.22% with a trading value of 90 billion baht. The analyst stated that the Thai stock market edged higher in the afternoon session in response to the new stimulus packages from the government in a 3,500 baht package relief to those affected by the pandemic for two months, which will boost consumption in Thailand. Meanwhile, the new coronavirus cases showed a slight decline to less than 200 cases, giving the market positive sentiment as well.

Nevertheless, the analyst expected profit-taking along the hike, especially in big-cap stocks. In addition, the analyst gave a support level for tomorrow’s session at 1,527-1,532 points and a resistance level at 1,550 points.

– Proprietary Trading led the buying team with 1,128 million baht, coupled with a combined 1,100 million baht from Foreign Investors and Individuals to buoy SET Index by 3.3 points.