SET Drops 2pts after Facing a Selloff Worth ฿4Bn from Foreign Investors
The total value of buying and selling separated by the investor's type as of June 19, 2020.
– SET Index closed at 1,370.82 points, decreased 2.16 points or 0.16% with a trading value of 63.3 billion baht. The analyst stated that the Thai stock market swung sideways without any positive factor to buoy the market and dropped lower right before closing, while regional markets closed higher.
The weight down from FTSE All World also reflected negative sentiment to the Thai stock market as foreign investors would pull back on investing in the Thai market, especially the big-cap stocks, which was also the main reason for today’s plummet.
The analyst suggested investors to keep an eye on the Bank of Thailand’s stimulus plan and the Monetary Policy meeting on June 24. Next week’s support level is 1,350-1,330 points and the resistance level is 1,390-1,404 points.
– SET Index slipped and closed lower by 2 points after Foreign Investors committed a 4,036 million baht selloff.
