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.
