Foreigners Hammer SET Index with a ฿4.4Bn Selloff amid Fears over 2nd Virus Outbreak
The total value of buying and selling separated by the investor's type as of June 18, 2020.
– SET Index closed at 1,372.98 points, decreased 3.20 points or 0.23% with a trading value of 70.2 billion baht. The analyst stated that the Thai stock market edged lower in today’s session due as concerns still lingered over the second wave of the virus outbreak would occur, causing a fluctuation in the market.
Meanwhile, some markets would weigh on the news of Beijing being able to control the outbreak, but investors would wait and see the report from tomorrow of new cases in China, expecting to decline consequently if Beijing truly contained the virus.
The U.S. jobless claims for the week ending June 13 was expected to be 1.30 million, a decline from 1.54 million from its previous week.
The analyst suggested investors to monitor the outbreak in Beijing as well as China. Moreover, the report of new measures from the BOT would stimulate demand, but Thai banks would book less revenue.
In addition, the analyst expected SET Index to swing sideways within the 1,360-1,380 range.
– Foreign Investors hammered SET Index with a 4.4 billion baht of net sell, coupled with 542 million baht selloff from the Institutions.