A Profit-Taking Worth ฿2,083Mn from Individuals Narrow SET’s Gain to Close 2pts Higher

The total value of buying and selling separated by the investor's type as of February 9, 2021.

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.