A Swift Selloff from Foreign Investors and Prop Trade Result in SET Index’s 11pts Plummet
The total value of buying and selling on September 9, 2021, categorized by the investor's type.
– SET Index closed at 1,629.12 points, decreased 11.33 points or 0.69% with a trading value of 91 billion baht. The analyst stated that the Thai stock market rebased in today’s session, following concerns over the new wave of coronavirus outbreak in the U.S. and Europe, and prior to the ECB meeting for policy rate and QE tapering. Moreover, investors also look ahead to the U.S. Fed meeting later this month for signs of QE tapering as well, which, if happened sooner than expected, could impact stock markets in the short-term.
The analyst expected SET Index could rebound in tomorrow’s session and believed fund flow would remain in Asian markets.
– A swift selloff by Foreign Investors and Proprietary Trading plunged SET Index by 11 points.
