Institutions Push SET Index to Close above 1,300pts with a Net Buy of ฿4.9Bn
The total value of buying and selling separated by the investor's type as of April 30, 2020.
– SET Index closed at 1,301.66 points, increased 18.98 points or 1.48% with a trading value of 79.1 billion baht. The analyst stated that SET Index closed higher, in line with the regional market movements. However, the market had already priced-in all positive factors, including the BOJ and Fed’s meeting, remdesivir drug and lockdown easing.
Today’s session was buoyed by the energy sector and banking sector. The market currently traded at PE 17x, which caused a limited upside.
The analyst advised to keep an eye on traffic once the business opened, expecting few positive factors next week as the market should embrace a profit-taking after the release of earnings.
The support level for next week’s session is 1,280-1,264 points and a support level is 1,317 points.
– A net buy of 4.9 billion baht from Local Institutions pushes SET Index to close above 1,300 points before the long holiday.