Institutions and Prop Trade Return with a ฿2.5Bn Net Buy, Buoying by SET13pts
The total value of buying and selling separated by the investor's type as of July 15, 2020.
– SET Index closed at 1,354.31 points, increased 13.24 points or 0.99% with a trading value of 59.6 billion baht. The analyst stated that the Thai stock market moved in the same direction as the regional market in response to the positive sentiment over Moderna’s coronavirus vaccine which has positive results on patients.
However, the tension between the U.S. and China could put some weight on the sentiment as neither showed signs of compromising.
The analyst suggested investors to monitor the resolution of the OPEC’s meeting, which would be announced later today whether the group would prolong the production cut or start to pump up. The decision could affect oil prices in tomorrow’s session.
In addition, the analyst expected a support level for SET Index in tomorrow’s session at 1,340 points and a resistance level at 1,370 points.
– Local Institutions and Proprietary Trading made a return to the Thai stock market with a total net buy of 2.5 billion baht to buoy SET Index by 13 points.