Foreigners and Institutions Resume Selling Sessions to Plunge SET Index by 9.5pts

The total value of buying and selling separated by the investor's type as of February 24, 2021.

– SET Index closed at 1,491.11 points, decreased 9.50 points or 0.63% with a trading value of 96.2 billion baht. The analyst stated that the Thai stock market edged lower in the same direction as regional markets as investors were unimpress with the Fed’s minutes that did not introduce anything new.

The U.S. bond yield did slow down after the Fed’s statement, but was not enough to attract investors back to the stock market.

In addition, the analyst advised investors to monitor 4Q20 earnings announcement and the XD sign that could result in a slight decline in share price.

The analyst stated that SET Index could edge lower in tomorrow session without positive catalyst, giving a support level at 1,480 points and a resistance level at 1,500 points.

– Foreign Investors and Local Institutions resumed the selloff, plunging SET Index by nearly 10 points with a 4.8 billion baht net sell.