Institutions Lead the Buying Team to Buoy SET above 1,400 Level with ฿7.8Bn Net Buy

– SET Index closed at 1,411.01 points, increased 36.83 points or 2.68% with a trading value of 122.5 billion baht. The analyst stated that the Thai stock market outperformed the regional markets due to the fund inflow in hopes of reopening the economy after a lockdown, while more easing to come.

Moreover, the unrest in the U.S. had halted the dispute between Washington and Beijing, while both counties also posted positive economic data as well.

The Thai stock market was buoyed by the banking sector as the share prices were still laggarded, while being big cap stocks, targeting by returning foreign investors.

However, the energy sector was still volatile due to the uncertainty of OPEC and its allies on the decision of extending the output cut.

The support level for tomorrow’s session is 1,400-1,395 points and the resistance level is 1,410-1,430 points.

– Local Institutions joined with Proprietary Trading and Foreign Investors in a hike, buoying SET Index by 37 points to close higher than 1,400 level.