– SET closed at 1,080.03 points, increased 46.19 points or 4.47% with a trading value of 75 billion baht. The analyst stated that SET Index posted a soaring session in the morning after the U.S. was reportedly near the deal of $2 trillion stimulus plans to fight impact from the coronavirus outbreak. Then, the market surged again in the afternoon session after a report of reaching the deal.
As for the virus outbreak, China seemed to be able to contain the contagion while South Korea began to report a low number of cases, giving hopes to the market that the outbreak, though severe in a short-term, would not last long.
The support level for tomorrow’s session is 1,050 points and the resistance level is 1,100 points.
– Local Institutions extended their portfolio with an additional 4.5 billion baht of net buy, supporting SET Index to close higher by 4.47%.