Foreigners See a Golden Opportunity, Spending ฿2.2bn to Buy the Dips!
The total value of buying and selling separated by the investor's type as of January 8, 2020.
– SET closed at 1,559.27 points, fell 25.96 points or 1.64% with a trading value of 65 billion baht. The analyst stated that the Thai stock market plunged since the opening bell following Wall Street and other regional markets due to the news report in the morning of an attack by Iran in Iraq’s airbase housing American troops.
The index plunged as much as 30 points during today’s session when the U.S. and Iran exchanged threats without any signs of compromising.
There is still another negative sentiment which was the report of China to remain grain quotas for the year despite promising to increase import volume of US agricultural products in the “Phase One” deal.
The analyst advised investors to monitor the situation closely as they are external factors to the Thai market.
– Local Institutions continued to pour shares back to the Thai market at the amount of 3 billion baht amid volatility in the Middle East while Foreign Investors took the opportunity to buy the dips for 2.2 billion baht.