Foreigners Pull Back with a ฿4,026M Selloff and Plunge SET Index by 21pts
The total value of buying and selling separated by the investor's type as of August 19, 2020.
– SET Index closed at 1,308.67 points, decreased 21.44 points or 1.61% with a trading value of 57.2 billion baht. The analyst stated that the Thai stock market started to decline sharply in the afternoon session on a report of a possible domestic coronavirus contraction on a man who showed symptoms after coming out of a 14-day quarantine.
Meanwhile, South Korea also reported nearly 300 new coronavirus cases, a new high since March.
Thailand’s Centre for COVID-19 Situation Administration (CCSA) also approved to give a 1-month extension to the emergency decree to contain a coronavirus outbreak.
The analyst advised to keep monitoring the FOMC meeting on August 19, 2020, to see the economic outlook and possibly stimulus measures.
The support level for tomorrow’s session is 1,300-1,306 points and the resistance level at 1,315-1,320 points.
– A 4,026 million baht selloff from Foreign Investors plunged SET Index by 21 points.