A THB4.7 Billion of Selloff from Institutions and Foreigners Plunge SET Index by 13pts
The total value of buying and selling on October 19, 2021, categorized by the investor's type.
– SET Index closed at 1,630.39 points, decreased 13.53 points or 0.82% with a trading value of 96.5 billion baht. The analyst stated that the Thai stock market edged lower due to the profit taking in the energy and banking sector as well as stocks related to reopening themes even without any negative factors to pressure the market.
The analyst expected reopening play to rally after the government announced the first 10 countries on the green list for international inbound without requirement for quarantine. Meanwhile, oil prices could continue to go up after the U.S. stockpile report.
In addition, the analyst expected a buy back in tomorrow’s session, giving a support level at 1,625 points and a resistance level at 1,640 points.
– Local Institutions and Foreign Investors combined a 4.7 billion baht of selloff, plunging SET Index by 13.53 points.
