Institutions Withdraw ฿1.8Bn from Thai Market as SET Index Goes on a 6-Day Losing Streak
The total value of buying and selling separated by the investor's type as of June 24, 2021.
– SET Index closed at 1,585.72 points, decreased 6.36 points or 0.40% with a trading value of 83 billion baht. The analyst stated that the Thai stock market had a weaker performance compared to other markets in the region due to concerns over Covid-19 cases that remained high in the country, which might lead to another lockdown after there were some calls requesting to impose a lockdown restriction in certain areas.
The political gathering also reflected negative sentiment, but only a small impact compared to the Covid-19.
The analyst stated that there could be a technical rebound in the Thai stock market in tomorrow’s session, but the gain would be limited as fund flows are still seeking more return elsewhere. The analyst estimated a support level at 1,570 points and a resistance level at 1,590-1,600 points.
– Local Institutions continued on a 4th day of selling streak, withdrawing 1.8 billion baht from the Thai stock market and causing SET Index to drop 6 points. Meanwhile, SET Index was on a 6-day losing streak.
