Institutions and Prop Trade Go on a Window Dressing for ฿1.2Bn to Buoy SET Index by4pts

SET Index closed at 1,574.86 points, increased 3.82 points or 0.24% with a trading value of 74.4 billion baht. The analyst stated that SET Index moved in sideways trends, but unable to break the resistance level at 1,580 points due to high valuation compared to regional markets, resulting in a limited upside as the Thai stock market still lacked catalysts. Moreover, the appreciation of the greenback also caused the fund flow to move from emerging markets.

The analyst expected SET Index next week to move in a support level of 1,560-1,555 points and the possibility to break the resistance level of 1,585 points, but might not be able to surpass 1,600 points.

– Institutions and Proprietary Trading made a window dressing for a net buy of 1.26 billion baht as SET Index closed 3.82pts higher.

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