– SET Index closed at 1,601.13 points, decreased 11.85 points or 0.73% with a trading value of 83 billion baht. The analyst stated that the Thai stock market and Asian stock markets moved in the similar direction, which was downward, as concerns over the U.S. Fed to shift its policy rate faster-than-expected still lingered. Meanwhile, the European stocks also opened lower on Monday, but soon recovered after seeing an uptick in Dow Jones Futures.
The analyst advised investors to monitor the vaccine rollout in Thailand after the arrival of Sinopharm vaccine that could accelerate the vaccination in the country as the pioneer project for reopening is expected to kick off in Phuket on July 1, 2021, while waiting for the MPC meeting on Wednesday to see the economic outlook.
In addition, the analyst expected SET Index to continue moving in sideways-down trends, giving a support level at 1,580-1,570 points and a resistance level at 1,620 points.
– Foreign Investors and Local Institutions combined a 5.2 billion baht selloff to plunge SET Index by nearly 12 points.