Institutions and Foreigners Pullback THB2 Billion as SET Index Falls 12pts

The total value of buying and selling on September 7, 2021, categorized by the investor's type

SET Index closed at 1,636.45 points, decreased 11.92 points or 0.72% with a trading value of 101 billion baht. The analyst stated that the pullback in late afternoon caused the Thai market to fall, especially for big-cap stocks that RSI indicated overbought.

Nevertheless, the analyst noted that the sentiment remained positive and advised investors to focus on small and mid-cap stocks.

In addition, the analyst expected the Thai market to continue retreating due to the profit-taking in big-cap stocks, giving a support level at 1,630-1,615 points and a resistance level at 1,645 points.

– Local Institutions and Foreign Investors continued to pressure the market with a net sell of 2,000 million baht.

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