Institutions Add ฿4,055M Worth of Thai Shares to Portfolio, Buoying SET Higher by 21pts
The total value of buying and selling separated by the investor's type as of May 11, 2020.
– SET Index closed at 1,287.30 points, increased 21.28 points or 1.68% with a trading value of 56.8 billion baht. The analyst stated that the Thai stock market edged higher in hopes of the phase 2 lockdown easing, which would include the department stores and would lead to a faster recovery in Thai economy.
The market was buoyed by the energy sector. The oil prices were slowly hiking, though not posting an outstanding movement. Meanwhile, the petrochemical spread also rose after China started the reopening.
The analyst suggested investors to monitor the earnings for the remaining companies as the outcome was not any worse than what the market had expected. The stock market might be idling in tomorrow’s session as the index is close to reaching 1,300 points. In addition, the analyst expected the support level to be at 1,280 points and the resistance level at 1,300 points.
– Local Institutions buoyed SET Index by 21pts with 4,055 million baht of net buy.
