Foreigners-Inst.’s Selloff Plunge SET by 8pts as OR Buoys the Market from Falling Further

The total value of buying and selling separated by the investor's type as of February 11, 2021.

SET Index closed at 1,508.35 points, decreased 8.59 points or 0.57% with a trading value of 106 billion baht. The analyst stated that the Thai stock market made a short rebase due to a lack of new catalyst, coupled with the speculation from the analysts that investors could have made a selloff to switch to OR, seeing that the total trading value of OR accounted for nearly 50% of the total value in SET Index.

The analyst expected the index to pick up slowly if the index does not drop lower than 1,500 points, while advising to keep an eye on the releasing GDP data from NESDC on Monday. In addition, the analyst gave a support level at 1,480-1,500 points and a resistance level at 1,530-1,550 points.

– Foreign Investors and Local Institutions net sold a total of 8.5 billion baht worth of Thai shares, plunging SET Index by 8.6 points.

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