A THB1.9 Billion Net Sell from Foreign Investors Erase Most Gains in SET Index
A brief summary of major changes and significant developments in the Thai stock market on August 10, 2021.
– SET Index closed at 1,542.62 points, increased 2.43 points or 0.16% with a trading value of 81.6 billion baht. The analyst stated that the Thai stock market challenged the resistance level at 1,551 points, but faced a profit-taking, which indicated that investors still had low confidence in the market.
Meanwhile, the positive sentiment in the market came on the back of lower Covid-19 cases and higher-than-expected corporate earnings in 2Q21.
In addition, the analyst expected SET Index to move narrowly in sideways trends with a support level at 1530 points and a resistance level at 1,550-1,554 points.
– A 1.9 billion baht of net sell from foreign investors nearly erased all gains in the Thai stock market, resulting in SET Index to close 2.5 points higher.
