SET Closes Flat at 1,580 points after a ฿1.8Bn Selloff from Foreigners Erase All Gains
The total value of buying and selling separated by the investor's type as of April 21, 2021.
– SET Index closed at 1,580.01 points, decreased 0.03 points with a trading value of 80.5 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session, but was better than regional markets that plunged sharply.
The Thai stock market was able to maintain its current level due to speculative buys on specific stocks, while the banking sector earnings were better-than-expected. However, a pullback from foreign investors mitigated SET Index’s gain, coupled with concerns over the possibility of GDP downgrade due to the ongoing Covid-19 situation that is more severe than the previous one.
The analyst expected SET Index to move sideways in both positive and negative territory in tomorrow’s session, giving a movement range of 1,565-1,585 points.
– Foreign Investors made a 1.8 billion baht of net sell to erase the slight gain in SET and closed flat.
