Institutions Pull Back on SET Index with a ฿2.9Bn Selloff to Plunge Thai Stocks by 2.5pts

SET Index closed at 1,565.73 points, decreased 2.46 points or 0.16% with a trading value of 72.8 billion baht. The analyst stated that the Thai stock market moved sideways without a new catalyst to drive the market as investors seeked profit-taking after the index broke the 1,550 resistance level in a high surge last week.

The analyst advised investors to keep an eye on the Fed’s minute on March 16-17 to see the direction of bond yield, as well as the political issues and the constitution amendment in Thailand.

In addition, the analyst gave a support level for tomorrow’s session at 1,560-1,530 points and a resistance level at 1,585 points.

– Local Institutions pulled back on Thai stock market with a 2.9 billion baht net sell to plunge SET Index by 2.5pts.

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