Institutions Send SET Index Skyrocket by 30pts with a Net Buy of ฿4.6bn!
The total value of buying and selling separated by investor's type as of November 4, 2019.
– SET closed at 1,622.25 points, jumped 29.73 points or 1.87% with a trading value of 64.4 billion baht. The analyst stated that the market made a high jump above expectations from a renewed trade optimism after the U.S. Commerce Secretary Wilbur Ross said that a short period of licenses would be granted for American firms to sell to the Chinese telecommunications giant Huawei.
Meanwhile, the RCEP summit would have a promising deal with other countries for more investment and trade deals. The GSP, though the government asserted that would not affect much to the Thai economy, would be put into the table for a better outcome between Thailand and the U.S.
Analyst expected the market to swing sideways in tomorrow’s trading session, giving a support level at 1,610, and a resistance level at 1,640.
– A huge buy amounting 4,636 billion baht from Institutions sent SET Index to skyrocket by 30 points.
