Buying Pressure from Institutions, Prop Trade and Individuals Buoy SET Index by 1pt

The total value of buying and selling on December 2, 2021, categorized by the investor's type.

SET Index closed at 1,591.84 points, increased 1.03 points or 0.06% with a trading value of 67 billion baht. The analyst stated that the Thai stock market was fluctuating in today’s session as investors made a selloff to lower the risk amid uncertainty of the new Covid-19 omicron variant. Moreover, the index could not surpass the resistance level at 1,590 points, which led to a rebase amid lower trading volume.

The analyst recommended keeping an eye on the omicron situation, vaccine development and today’s OPEC+ meeting, giving a support level for tomorrow at 1,575 points and a resistance level at 1,600 points.

– A combine of buying pressure from Local Institutions, Proprietary Trading and Individuals buoyed SET Index to close slightly higher by 1 point.

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