After a Long-Buy, Institutions Finally Make a Selloff, Plunging SET with ฿2.6bn Sell
The total value of buying and selling separated by the investor's type as of January 6, 2020.
– SET closed at 1,568.50 points, plunged 26.47 points or 1.66% with a trading value at 71.2 billion baht. The analyst stated that the global markets faced a selloff amid rising tension between the U.S. and Iran when both sides vowed to retaliate. The index started to lose its stance in the afternoon after falling lower than the support level at 1,580 points, resulting in more selling pressure from investors.
Moreover, the pneumonia outbreak in China caused negative sentiment to the tourist and aviation sector in speculation of lower passenger/tourist during the outbreak.
The analyst has given a resistance level at 1,580 points and a support level at 1,550-1,560 points.
– After a long-buy, Local Institutions poured 2.6 billion baht of net sell over the dispute in the Middle East.
