Foreigners Withdraw over THB5 Billion from Thai Market, Plunging SET Index by 18pts

The total value of buying and selling separated by the investor's type as of August 5, 2021.

SET Index closed at 1,527.66 points, decreased 18.20 points or 1.18% with a trading value of 81.2 billion baht. The analyst stated that the Thai stock market snapped its two-winning streak, dragged by power-generation and banking stocks amid rising Covid-19 cases. Stocks that outperformed today were exports-related stocks that benefited from weakening Thai baht. However, the lack of fund inflow still made a negative sentiment to the market.

The analyst expected SET Index to rebound tomorrow after a huge plummet, but the market would still remain volatile, following the Covid-19 situation. In addition, the analyst gave a support level at 1,520 points and a resistance level at 1,540 points.

– Foreign Investors withdrew 5,047 million baht from the Thai stock market, resulting in a drop of 18 points in SET Index.


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