– SET Index closed at 1,518.27 points, increased 1.84 points or 0.12% with a trading value of 92.8 billion baht. The analyst stated that the Thai stock market narrowed the gain to only close slightly higher as the Covid-19 infection rate remained higher than a hundred, coupled with a motion of no confidence, which would result in a delay of an amendment in Thai constitution.
The analyst stated that the market required fund inflow to move higher, while giving a support level at 1,500-1,490 points and a resistance level at 1,530 points.
– A profit-taking worth 2,083 million baht from Local Individuals narrowed SET’s gain to only 2 points. Foreign Investors and Proprietary Trading combined a net buy of 2.64 billion baht to buoy the Thai stock market to close slightly higher.
– The analyst expected SINGER to report robust earnings in 2020 at 166%, which will continue to grow in 2021.