Local Institutions Buoy SET Index by 16pts with a ฿1.7Bn Net Buy
The total value of buying and selling separated by the investor's type as of May 25, 2021.
– SET Index closed at 1,568.58 points, increased 16.73 points or 1.08% with a trading value of 88.9 billion baht. The analyst stated that the rise in the Thai stock market was due to a positive sentiment from foreign markets, and the rise in oil price, following the demand from the economic recovery and reopening.
In the meantime, the Thai stock market received a push from the 500 billion baht soft loan decree as well.
The analyst pointed out that the MSCI rebalance will be on Thursday, which could cause a fluctuation in the market, while advising investors to monitor the Covid-19 situation in Thailand, giving a support level for Thursday at 1,550-1,540 points and a resistance level at 1,575 points.
– A 1.7 billion baht of net buy from Local Institutions buoyed SET Index by 16 points.
