Individuals Keep SET Higher with a ฿2.5Bn Net Buy to Negate Foreigners’ Selloff
A short summary to inform investors of what had happened in the Thai stock market on January 26, 2021.
– SET Index closed at 1,512.83 points, increased 11.21 points or 0.75% with a target price at 87.8 billion baht. The analyst stated that the Thai stock market rebound strongly amid mostly negative sessions in regional markets as the analyst expected the liquidity to be drawn back to the Chinese market after the valuation of assets rose higher to the point that might create an economic bubble.
As for the Thai stock market, the portfolio adjustment for OR has been eased after a few days of subscriptions, and the buying pressure should return to the market.
In addition, the analyst advised investors to monitor the earnings announcement and anticipation of Covid-19 restriction easing, giving a support level at 1,490-1,500 points and a resistance level at 1,515-1,520 points.
– Individuals continued to buoy the market with a net buy of 2,494 million baht, followed by a net buy of 1,361 million baht from the Proprietary Trading, pushing SET Index to close higher by 11.21 points.
