Institutions and Foreigners Withdraw ฿2.8Bn amid Political Concerns in Thai Govn’t
The total value of buying and selling separated by the investor's type as of September 1, 2020.
– SET Index closed at 1,305.57 points, decreased 5.09 points or 0.39% with a trading value of 48.6 billion baht. The analyst stated that the Thai stock market react negatively over the report of an abrupt resignation of Mr. Preedee Daochai from the Ministry of Finance. The move reflected internal conflicts that caused concerns to institutional and foreign investors as the country required stimulus plans from the government.
The analyst expected tomorrow’s session to continue fluctuating, giving a support level at 1,300-1,290 points and a resistance level at 1,320 points.
– Foreign Investors continued to pour Thai stocks, combining with Local Institutions for a total of 2.8 billion baht selloff to plunge SET by 5 points.
