Individuals Buy the Rips for ฿2.29bn after Institutions’ Exit on Thai Market
The total value of buying and selling separated by investor's type as of September 20, 2019.
– SET closed at 1,636.20 points, decreased 4.46 points or 0.27% with a trading value of 68.4 billion baht. An analyst from KT Zmico saw today’s session as a technical downtrend after plunging lower than 1,660 points and then 1,640 points along with a plummet of exports and imports data that were worse than the estimation. Ministry of Commerce said that the decline was due to the worry on the U.S.-China trade war and the global economic slowdown.
Nevertheless, investors are recommended to keep a close eye on the upcoming trade talks between the U.S. and China as well as the MPC meeting next week.
– Individual Investors invested 2.29 billion baht to buy the rips while Institutions continued their selloff for another 1.32 billion baht.
