Institutions and Individuals Combine a Net Buy of ฿2.5Bn to Fend Foreigners’ Selloff
The total value of buying and selling separated by the investor's type as of May 8, 2020.
– SET Index closed at 1,266.02 points, increased 8.04 points or 0.64% with a trading value of 44 billion baht. The analyst stated that the Thai stock market was fluctuating but still closed higher after a steady new coronavirus case within a single digit, raising hope for a phase 2 lockdown easing measures. Meanwhile, the U.S. and China had agreed to negotiate, which was a positive sign.
The analyst recommended investors to monitor the earnings announcement next week as well as the development of the coronavirus case.
The market next week should swing sideways and sideways up with a support level at 1,240 points and a resistance level at 1,290 points.
– Foreign Investors continued to sell in May while Local Institutions and Individuals buoyed the market with 2.5 billion baht of net buy.
