Individuals Take the Chance to Buy the Dips for ฿4.4Bn ahead of U.S. 2Q GDP Report
The total value of buying and selling separated by the investor's type as of July 30, 2020.
– SET Index closed at 1,315.74 points, decreased 22.61 points or 1.69% with a trading value of 67.1 billion baht. The analyst stated that the Thai stock market plunged ahead of the U.S. 2Q GDP announcement, while the Fed did not introduce any new measures in its meeting yesterday.
Meanwhile, the market started to decline in the afternoon session after Germany reported a contraction of 10% in its 2Q GDP, weighing down the European market and Dow Jones Futures.
As for the domestic stocks, the plummet of AOT caused an impact to SET Index by 2.6 points after giving an extension to its concessionaires. Meanwhile, the energy sector weighed SET Index down by 7 points as crude futures slipped 1% and PTTEP reported a lower profit for the quarter.
The analyst forecasted a support level for tomorrow’s session at 1,306-1,310 points and a resistance level at 1,320-1,325 points.
– Local Individuals took the opportunity to buy the dips after the market plunged from a huge selloff.