Institutions Lead the Buying Team with a ฿2.6Bn Net Buy to Buoy SET by 25pts
The total value of buying and selling separated by the investor's type as of June 16, 2020.
– SET Index closed at 1,367.13 points, increased 25.14 points or 1.87% with a trading value of 68.4 billion baht. The analyst stated that the Thai stock market edged higher on the positive sentiment from the U.S. market after the Fed’s announcement of the Secondary Market Corporate Credit Facility, which allows the purchasing Corporate Bond to buy private companies’ debentures and bonds as well as in the secondary market with a limited value of 750 billion U.S. dollars.
Nevertheless, the analyst advised investors to hear the economic outlook from the Fed, which will be stated to Congress.
In addition, the analyst expected SET Index’s support level for tomorrow’s session to be at 1,350-1,340 points and the resistance level at 1,375-1,380 points.
– Local Institutions led the buying team with a 2.6 billion baht of net buy, buoying SET Index by 25 points.
