A Net Buy of THB6 Billion from Institutions and Foreigners Pushes SET Higher by 22pts

SET Index closed at 1,573.05 points, increased 22.46 points or 1.45% with a trading value of 108 billion baht. The analyst stated that the Thai stock market performed better than expected and successfully surpassed the resistance level of 1,560 points in anticipation of the 1.9 trillion stimulus plan by the U.S. will outshine the rising bond yield.

Meanwhile, investors had switched to focusing on Coronavirus-impacted stocks such as tourism and consumption stocks, which have seen gradual recovery amid economic recovery from lockdown easing.

In addition, the analyst expected SET Index to move sideway up in tomorrow’s session after being able to surpass the 1,560 resistance level, giving the next resistance level at 1,590 points and a support level at 1,560 points.

– Local Institutions and Foreign Investors combined nearly 6 billion baht of net buy to raise SET Index by 22.5pts.

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