Institutions Buoy the Market with ฿2bn of Net Buy amid a Plummet in Regional Markets
The total value of buying and selling separated by the investor's type as of April 13, 2020.
– SET Index closed at 1,236.78 points, increased 8.75 points or 0.71% with a trading value of 49.4 billion baht. The analyst stated that the Thai stock market moved narrowly in the opposite direction of regional markets as the outlook of the coronavirus outbreak seemed better with a decline of infection numbers, indicating that the outbreak in the country could slow down in the next few weeks and a curfew would be lifted.
The analyst suggested to monitor the importance of data announcements such as China’s exports/imports data, while the announcement of financial statements of Thai banking sector would be released in the next few days. Tomorrow’s session was expected to move sideways with a support level at 1,200-1,180 points and a resistance level at 1,240-1,250 points.
– A net buy of 2,031 million baht from Local Institutions buoyed SET Index to close 9pts higher amid a decline in regional markets.
