Institutions Plunge SET Index by 11pts after a ฿3.8Bn Selloff

A short summary to inform investors of what had happened in the Thai stock market on January 14, 2021.

SET Index closed at 1,535.98 points, decreased 11.33 points or 0.73% with a trading value of 97.2 billion baht. The analyst stated that the Thai stock market was rebasing in today’s session, but the selloff in DELTA resulted in a plummet of SET Index by 7.70 points. The overall outlook remained stable with neutral sentiment.

The analyst advised investors to monitor the inauguration of the U.S. President-elect Joe Biden on January 20, the Fed’s meeting on 26-27 January, and the coronavirus situation in Thailand after marking the 14th day after the new year’s event.

In addition, the analyst gave a support level for tomorrow’s session at 1,530-1,520 points and a resistance level at 1,550 points.

– Local Institutions dragged SET Index down by 11 points with a 3.87 billion baht selloff.