Institutions and Prop Trade Pour ฿2.23bn to Seek Safe Haven amid Virus Outbreak
The total value of buying and selling separated by the investor's type as of February 3, 2020.
– SET closed at 1,496.06 points, declined 18.08 points or 1.19% with a trading value of 53 billion baht. The analyst stated that the trading session in the Thai stock market was in line with regional markets while SSEC fell the most by 7.72% over concerns of foreign investors would divest from the market in which China central bank had announced that it would inject $174 billion via reverse repo operations to prepare for the reopen amid an outbreak of a new coronavirus. Meanwhile, the European markets opened mostly flat with an increase only 0.1-0.2%.
The analyst suggested investors to keep an eye on the announcement of financial statements and the meeting of the Monetary Policy Committee on Feb. 5.
The support level was set at 1,490 points and the resistance level at 1,525 points.
– Local Institutions and Proprietary Trading poured 2.23 billion baht worth of Thai shares to seek safe haven amid the outbreak of coronavirus.
