Panic Over Tension Between the U.S.-EU, Institutions and Foreigners Pour ฿3.5bn Selloff
The total value of buying and selling separated by investor's type as of October 3, 2019.
– SET closed at 1,610.69 points, declined 2.95 points or 0.18% with a trading value of 37.8 billion baht. Phillip Securities (Thailand) stated that the market was afraid of a recession after a new negative factor had been added to the table which was the new trade war between the U.S. and EU.
The stimulus plan from the government had helped stocks related to domestic plays to support the market. Phillip Securities expected the market to continue in the negative territory in tomorrow’s trading session but would stand above 1,600 points.
– Institutions and Foreign Investors poured Thai shares nonstop, adding another 3.57 billion baht of a selloff in today’s session.
