Institutions and Prop Trad Plunge the market by 4 Points with a THB 1.5 billion Sell-Off
The total value of buying and selling separated by investor's type as of August 8, 2019.
– SET closed at 1,665.12 points, declined 4.32 points or 0.26% with a trading value of THB 62.65 billion. A decline in today’s session despite a gain of all other major indices in the region might be due to the Chinese exports data, Thailand’s main exports-imports partners, that was better-than-expected, but still in a weak state at -5.6%. Meanwhile, The People’s Bank of China’s daily fix of the yuan midpoint was set at 7.0039 per dollar on Thursday, which was the lowest since 2008.
Moreover, a decrease in the Thai market might due to a result of pressure from a fall of stock in the petrochemical sector after the announcement of 2Q2019 financial reports of PTT group which turned out not quite well. As a result, stock in the PTT Group and petrochemical sector decreased and pressured an overall of the market.
– Institutions and Proprietary Trading net sold by THB 1,497.5 million to plunge the SET by 4 points while Foreign Investors net bought by THB 935.38 million.
