– SET Index closed at 1,568.21 points, decreased 11.80 points or 0.75% with a trading value of 93.3 billion baht. The analyst stated that the Thai stock market closed lower without a positive driver, while the coronavirus cases remained high and the death toll escalated quickly. Moreover, some speculated that the GDP outlook might be revised down due to the prolonged pandemic outbreak in Thailand.
In the meantime, the stock market was pressured by a selloff in bag-cap stocks, especially the energy sector, due to concerns over oil demand as the third-largest consumer such as India are facing a serious pandemic outbreak, coupled with an increase in U.S. oil inventories.
The analyst expected SET Index to move shallowly in tomorrow’s session, giving a support level at 1,550 points and a resistance level at 1,580-1,585 points.
– A 4.1 billion baht pullback from Local Institutions and Foreign Investors plunged SET Index by nearly 12 points.