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.
