SET Closes 8pts Higher after Institutions Slow the Buying Pressure Down to ฿1.1bn

The total value of buying and selling separated by the investor's type as of March 27, 2020.

– SET closed at 1,099.76 points, increased 7.80 points or 0.71% with a trading value of 65.4 billion baht. The analyst stated that SET Index moved mostly in positive territory in the same direction of regional markets in hopes of the U.S.’s $2 trillion stimulus bill will be approved.

However, the negative sentiment still remained as the coronavirus outbreak showed no sign of relief while the infection and death kept rising, especially in the U.S. and Europe.

The movement in the market will mostly be determined by the stimulus plan and the spread of coronavirus outbreak.

The support level for next week’s is 1,070 points and the resistance level is 1,130 points with an expectation of high fluctuation.

– Local Institutions slowed the buying pressure down to 1.1 billion baht, combined with 232 million baht of net buy from Foreign Investors to support STE Index.


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