A Net Buy of ฿2bn from Institutions and Prop Trade Skyrocket SET Index by 20pts!
The total value of buying and selling separated by the investor's type as of January 9, 2020.
– SET closed at 1,579.64 points, increased 20.37 points or 1.31% with a trading value of 66.5 billion baht. The analyst stated that the Thai stock market, again, moved in the direction of global markets after the U.S. President Donald Trump chose to retaliate Iran by using economic sanctions rather than military actions.
In the late afternoon, the UN also published a letter sent by Washington which stated that the country was willing to negotiate without preconditions, raising hopes for investors.
Moreover, China officially confirmed that its VP Liu He will be leading the negotiating team to sign the “Phase One” deal at Washington on January 13-15.
The analyst set a support level at 1,570 points and a resistance level at 1,590 points.
– A net buy of 2 billion baht from Local Institutions and Proprietary Trading skyrocketed SET Index by 20 points in the response of positive signal that the U.S. is willing to negotiate with Iran.