Institutions Buy the Dips Worth ฿5.9bn of Thai Shares, Sending SET Index to Soar 38pts
The total value of buying and selling separated by the investor's type as of March 31, 2020.
– SET closed at 1,225.86 points, increased 38.04 points or 3.50% with a trading value of 56.9 billion baht. The analyst stated that the Thai stock market made a rebound from a decline in yesterday’s session from the positive sentiment of higher Chinese PMI announced in the morning, which showed a limited impact and a fast recovery from the damage caused by the coronavirus outbreak.
The analyst suggested investors to monitor the development of the coronavirus outbreak and the outcome of oil producers such as the U.S., OPEC and Russia after the deal of cutting oil production ended today.
The analyst set a resistance level at 1,100-1,094 points and a support level at 1,133-1,147 points.
– Local Institutions added 5.9 billion baht worth of Thai shares to their portfolio, supporting SET Index to close 38 points higher.
