Individuals Buy the Dips amid ฿4.2Bn Selloff in Concerns of Economic Slowdown

A short summary to inform investors of what had happened in the Thai stock market on January 22, 2021.

SET Index closed at 1,497.88 points, decreased 15.63 points or 1.03% with a trading value of 96.6 billion baht. The analyst stated that the Thai stock market edged lower in the same direction of regional markets as well as the European markets and Dow Jones Futures after the Eurozone PMI shrank again amid rising of the new variant of coronavirus that forced more lockdowns in the bloc.

The valuation in the Thai stock market started to get tighter without new positive factors to drive the market. The analyst expected SET Index to rebase next week, giving a support level at 1,480 points and a resistance level at 1,505-1,510 points. The next resistance level will be 1,530 points.

– Local Institutions, Proprietary Trading and Foreign Investors combined a net sell of 4.2 billion baht to drop SET by 15.63 points amid Covid-19 concerns.