Foreign Investors Net Sell Bt3Bn of Thai Shares amid High Bond Yield and FTSE Rebalance

SET Index closed at 1,563.96 points, decreased 4.86 points or 0.31% with a trading value of 88.7 billion baht. The analyst stated that the plummet in the Thai stock market was in the same direction as global stock markets amid lower crude oil prices and high bond yield. Meanwhile, the FTSE rebalance also had negative sentiment to the Thai stock market as well, causing a selloff in big-cap stocks such as PTT, ADVANC, CPALL and AOT.

The analyst saw that SET Index still has a solid base at 1,560 points, giving a support level for next week at 1,550 points and a resistance level at 1,570 points.

– Foreign Investors net sold 3,000 million baht of Thai shares amid FTSE rebalance.

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