A ฿3.3Bn of Net Buy from Individuals Buoys SET to Close Slightly Higher
The total value of buying and selling separated by the investor's type as of May 14, 2021.
– SET Index closed at 1,549.48 points, increased 1.35 points or 0.09% with a trading value of 97.3 billion baht. The analyst stated that the movement in the Thai stock market was in a direction of rebasing, in line with other stock markets in the region.
Meanwhile, the 1Q21 earnings season in the Thai stock market was almost come to an end with an expectation that analysts would revised down global-play stocks due to the prolonged Covid-19 situation, especially stocks related to tourism. The MSCI rebalance also weighed down on the stock market, causing SET Index to move in a limited range.
The analyst recommended investors to monitor the measurement to curb the Covid-19 spread from the Thai cabinet next week, giving a support level at 1,520-1,500 points and a resistance level at 1,565-1,580 points.
– A 3.3 billion baht of net buy from Local Individuals buoyed the Thai stock market to close 1.35 points higher.
