Local Institutions Net Sell THB5.4 Billion of Thai Shares, Plunging SET Index by 17pts

The total value of buying and selling separated by the investor's type as of July 20, 2021.

SET Index closed at 1,538.86 points, decreased 17.15 points or 1.10% with a trading value of 92.9 billion baht. The analyst stated that the Thai stock market closed lower due to the negative sentiment from Wall Street last night after oil prices declined more than 7% amid concerns over Covid-19 situation and the OPEC+ output increase that could come at the wrong time. The decline had a huge impact on the Thai stock market, which the energy sector has the biggest market cap.

The analyst expected SET Index to retreat not lower than 1,500 points and could have a technical rebound, giving tomorrow’s support level at 1,520-1,500 points and a resistance level at 1,550 points.

– Local Institutions made a 5.4 billion baht selloff, plunging SET Index by 17 points.

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