Foreigners Make a ฿4,015 Million Selloff as Contagious Rate of Coronavirus Hasten!
The total value of buying and selling separated by the investor's type as of January 31, 2020.
– SET closed at 1,514.14 points, decreased 9.85 points or 0.65% with a trading value of 56.3 billion baht. The analyst stated that the Thai market had a buying pressure at the open but fell off right after as concerns over coronavirus remained. In the afternoon, the index continued to plunge following Dow Jones Futures that turned from a gain to loss.
Moreover, Local Institutions and Foreign Investors were constantly making a selloff. Some analysts expected that the selloff was an adjustment in the portfolio for the upcoming big IPO, CRC.
The analyst set a support level at 1,500 points and a resistance level at 1,540 points.
– Foreign Investors made a selloff for 4 billion baht, following the announcement of a Public Health Emergency from WHO on coronavirus.
