Foreign Investors Net Sell THB2.2 Billion of Thai Shares, Plunging SET Index by 7pts

The total value of buying and selling separated by the investor's type as of July 23, 2021.

SET Index closed at 1,545.10 points, decreased 7.26 points or 0.47% with a trading value of 59.5 billion baht. The analyst stated that the Thai stock market moved in the same direction as the majority Asia markets as the Covid-19 outbreak still ravaged Asian countries, coupled with concerns over the economic outlook from the prolonged outbreak, while the vaccination in Asian countries remained low compared to those in Europe or U.S.

The analyst recommended investors to keep an eye on the earnings season, expecting PTTGC and SCC to announce good performance, but would slow down in 2H21, including the energy sector and wait for the FOMC meeting on July 28, 2021.

In addition, the analyst expected SET Index next week to move in sideways-down trends with a support level at 1,535-1,510 points and a resistance level at 1,563 points.

– Foreign Investors net sold 2.2 billion baht of Thai shares to plunge SET Index by 7 points.

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