A THB2.3 Billion Withdrawal from Local Institutions Drops SET Index by 2.6pts

The total value of buying and selling on October 14, 2021, categorized by the investor's type.

SET Index closed at 1,640.97 points, decreased 2.67 points or 0.16% with a trading value of 84.9 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session amid an acceleration of Covid-19 cases and fatalities in Thailand, resulting in a bump in reopening stocks, while also facing a profit taking. Fed’s tapering in November and a rise in inflation also pressured the market as well.

In addition, the analyst expected SET Index to move in sideways trends with a support level at 1,630 points and a resistance level at 1,655 points.

– Local Institutions withdrew 2.3 billion baht from the Thai market, plunging SET Index by 2.6 points.

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