– SET Index closed at 1,087.82 points, decreased 11.94 points or 1.09% with a trading value of 41.1 billion baht. The analyst stated that the plummet in today’s session was in line with the regional markets, except Australia that had announced a stimulus plan earlier.
The analyst expected volatile sessions to continue as the situation of coronavirus was still not stable and the stimulus plan from the Thai government only aimed to remedy people affected by the outbreak, but the remedial for corporates were not clear.
The analyst stated that there could be a window dressing before closing the quarter in tomorrow’s session while setting a support level at 1,070 points and a resistance level at 1,130 points.
– After buoying the market last week, Local Institutions turned to a net sell of 2.4 billion baht, combining with another 1.02 billion baht from Foreign Investors to plunge SET Index by 12 points.