Individuals Buy the Dips for ฿5.6Bn amid 25pts Plummet in SET Index from Covid Concerns
The total value of buying and selling separated by the investor's type as of April 12, 2021.
– SET Index closed at 1,541.12 points, decreased 25.22 points or 1.61% with a trading value of 78.2 billion baht. The analyst stated that a decline in the Thai stock market was due to concerns over rising coronavirus cases in Thailand, resulting in a selloff to lower the risk of uncertainties and prior to the long holiday that might have caused the cases to go up.
Moreover, the index had plunged lower than the support level of 1,550 points, resulting in a technical sell and a cut loss.
The analyst advised investors to keep monitoring the development of Covid-19 after the Songkran Festival, giving a support level for Friday at 1,520 points and a resistance level at 1,550 points.
– Local Institutions, Foreign Investors and Proprietary Trading combined a 5.6 billion baht of net sell to plunge SET Index by 25 points.
