Prop Trade Rescues SET with a ฿540Mn of Net Buy to Buoy SET Near Flat Line
The total value of buying and selling separated by the investor's type as of May 17, 2021.
– SET Index closed at 1,549.16 points, decreased 0.32 points or 0.02% with a trading value of 98.5 billion baht. The analyst stated that the Thai stock market moved downward in the morning session due to concerns of rising coronavirus cases that hit a record high today. Meanwhile, the negativity from MSCI rebalance will continue to affect the market until the effective date. The analyst expected a buying pressure and a buyback afterward.
However, the buyback in the afternoon recovered some of the loss from the morning session, resulting in almost a flat close at the end of the day.
The analyst stated that the unexpected flat retail sales in the U.S. might slow down inflation rate and Fed’s decision for rate hikes, while expecting tomorrow’s session to move in sideways trends with a support level at 1,530 points and a resistance level at 1,570 points.
– Proprietary Trading made a net buy of 540 million baht, buoying SET Index to close slightly lower.
