Prop Trade-Foreigners Plunge the Market with ฿1bn Selloff, Individuals Keep On Buying
The total value of buying and selling separated by investor's type as of September 25, 2019.
– SET closed at 1,628.38 points, fell 2.12 points or 0.13% with a trading value of 44.8 billion baht. The decline of the Thai stock market was better than the major regional market. Nikkei fell 0.36%, SSEC plunged 1.00%, HSI declined 1.28%, ASX 200 slipped 0.57% and Kospi lost 1.32%.
The market faced negative sentiment from the political issues in the U.S. and Brexit which caused uncertainty to investors and led to a selloff. Meanwhile, the MPC maintained the policy rate at 1.50%, but lower 2019 GDP to 2.8%, making an expectation from investors that the MPC will cut the rate in the future.
– Individuals kept on buying but lost to the selloff from Prop Trade and Foreign Investors at a total value of 1,000 million baht to plunge SET by 2.12 points.
