Institutions and Prop Trade Combine a THB1.5 Billion of Net Sell to Plunge SET by 7.5pts

The total value of buying and selling on August 19, 2021, categorized by the investor's type.

SET Index closed at 1,544.28 points, decreased 7.59 points or 0.49% with a trading value of 78 billion baht. The analyst stated that the Thai stock market closed lower in the same direction as regional markets after the U.S. Federal Reserve signalled for tapering asset purchase this year, while strong dollars had a negative impact on stock markets.

The analyst expected the Thai stock market to move in sideways trends in both negative and positive territory, giving a support level at 1,540 points and a resistance level at 1,560 points.

– A 1.5 billion baht of net buy from Individuals and Foreign Investors were not enough to rival a selloff from Institutions and Proprietary Trading as SET Index fell 7.59 points.

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