Institutions and Foreigners Combine THB7.9 Billion of Net Buy as SET Skyrocket by 29pts

The total value of buying and selling on August 23, 2021, categorized by the investor's type.

SET Index closed at 1,582.07 points, increased, 28.89 points or 1.86% with a trading value of 114 billion baht. The analyst stated that the Thai stock market performed better than expected in response to lower Covid-19 infections and the buying pressure on the financial sector after the support measures from the Bank of Thailand.

The analyst stated that the Thai stock market made a solid stance after being able to close higher than the resistance level of 1,580 points.

In addition, the analyst recommended investors to monitor the Fed’s symposium at Jackson Hole later this week to see the timeline of QE tapering, while giving a support level for SET Index in tomorrow’s session at 1,560 points and a resistance level at 1,590-1,600 points.

– Local Institutions and Foreign Investors combined 7.9 billion baht of net buy to push SET Index to test the resistance level at 1,600 points.



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