Foreigners and Institutions Continue Thai Shares for ฿5.1Bn, Plunging SET by 10.5pts

The total value of buying and selling separated by the investor's type as of February 19, 2021.

SET Index closed at 1,500.51 points, decreased 10.52 points or 0.70% with a trading value of 90.5 billion baht. The analyst stated that the decline in the Thai stock market was a rebasing after US bond yield continued to edge higher and could cause high inflation rate and would result in an interest rate up.

Nevertheless, the analyst had a positive outlook on the Thai stock market after gaining its foot above 1,500 points, which would be a strong base.

The analyst expected SET Index to move in sideway trends at the end of next week due to the MSCI rebalance that Thailand has been weighted down, giving a support level at 1,480 points and a resistance level at 1,530 points.

– Foreign Investors and Local Institutions continued to pressure SET Index with a net sell of 5.1 billion baht to plunge the index by 10.52 points.