A THB2.3 Billion of Net Buy from Institutions Sends SET Index Higher by 18pts

The total value of buying and selling separated by the investor's type as of August 9, 2021.

SET Index closed at 1,540.19 points, increased 18.47 points or 1.21% with a trading value of 69.8 billion baht. The analyst stated that the Thai stock market closed higher in hopes of a better Covid-19 outlook as the recovery rate edged higher to equal with the new infection rate that dropped slightly below 20,000 cases.

The anticipation of a better situation resulted in a buying pressure on the reopening theme such as AOT and CRC, as well as the banking sector.

In addition, the analyst expected a limited upside in SET Index after today’s surge and the political gathering tomorrow, giving a support level at 1,530 points and a resistance level at 1,547-1,550 points.

– A 2.3 billion baht of net buy from Local Institutions sent SET Index to close higher by 18.47 points.

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