Prop Trade Stands Alone to Buoy Thai Market with ฿1.3bn Net Buy, Foreigners Turn to Sell
The total value of buying and selling separated by investor's type as of June 7, 2019.
– SET closed at 1,653.40 points, increased by 0.09 or 0.01% with a trading value of THB 36.70 billion. Thai politics is quite in a certainty situation after the completion of PM voting. The new PM of Thailand is General Prayut Chan-o-cha, however, Thais have to keep eyes on the policy of the new government. Meanwhile, the market would need new factors to give another push.
The fund inflow from foreign investors has started to show a sign of slowing down since yesterday.
Currently, investors are anticipating that Fed would make two rate cuts by the end of this year. However, the continuation of the trade war between the U.S. and China remains unsettled. Investors are looking forward to a nice talk from the U.S. President Donald Trump and Xi Jinping.
Proprietary Trading net bought by THB 1,310.42 million buoyed SET to close slightly higher than yesterday while Institutions, Foreigner Investors and Individual net sold by THB 1,310.43 million.
