Institutions Keep On Plunging SET by 8pts with a ฿4.1bn Selloff!
The total value of buying and selling separated by the investor's type as of February 19, 2020.
– SET closed at 1,505.54 points, decreased 8.14 points or 0.54% with a trading value of 68.7 billion baht. The analyst stated that the market faced a selloff after surging higher in the morning session as the situation of coronavirus still unstable.
Moreover, tomorrow would be the first trading day of the anticipated CRC. The selloff, especially from Local Institutional, could be a move to clear space for this particular share. CRC will be listed in SET 50 within 3 days as well as MSCI.
Power plant-related stocks were also facing profit-taking after being the top picks as of late.
The analyst recommended investors to keep a close eye on the announcement of financial statements in which PTT, BANPU and CPF will be announced tomorrow.
The support level has been set at 1,490-1,495 points and the resistance level at 1,510 points.
– Local Institutions continued to pour 4.1 billion baht, plunged SET by 8 points.