Institutions Continue to Buoy the Market with ฿4.4bn Net Buy, Sending SET 5pts Higher
The total value of buying and selling separated by investor's type as of November 5, 2019.
– SET closed at 1,626.87 points, increased 4.62 points or 0..28% with a trading value of 59.1 billion baht. The analyst saw that the index was still well above the support line at 1,617 points, a short period of plummet in today’s trading session might be the profit taking after a high surge from yesterday.
The Thai market was thriving to match the incline of global market that expected the U.S. and China trade deal to happen while various central banks had eased their monetary policy, though the outlook of 3Q19 financial statements might not be as good as it should.
In addition, the analyst expected a surge in tomorrow’s session if MPC cuts the rate, giving a support level at 1,617 points and a resistance level at 1,630-1,640 points.
– Institutions continued to buoy SET Index by 4.6 points, stood alone for a net buy of 4.4 billion baht.
