– SET Index closed at 1,605.17 points, decreased 0.51% or 0.03% with a trading value of 75 billion baht. The analyst stated that the Thai stock market plunged lower than the 1,600 level, but bounced back to close slightly lower, which was better than other stock markets. The analyst added that the Thai stock market had a short-term downside on the flooding situation, while the government started to ease lockdown measure and baht currency began to slow down.
In addition, the analyst expected SET Index to rebase net week, moving in sideways trends before the 3Q earnings season, giving a support level at 1,590 points and a resistance level at 1,620 points.
– A 2.6 billion baht of net buy from Foreign Investors buoyed SET Index to close slightly lower.