A ฿2.8Bn of Net Sell from Foreign Investors Plunge SET by 7pts amid Rate Hike Concerns
The total value of buying and selling separated by the investor's type as of June 17, 2021.
– SET Index closed at 1,617.65 points, decreased 7.14 points or 0.44% with a trading value of 88 billion baht. The analyst stated that the Thai stock market moved in both negative and positive territory. The Thai market was mostly positive in the morning session in response to the announcement of a re-opening within 120 days to boost the Thai economy, but the negative sentiment from the global market in the afternoon over Fed’s faster-than-expected rate hike plunged SET Index to close lower.
As for domestic factor, the analyst recommended investors to monitor the progress of vaccination in Thailand, which is very essential to the re-opening plan, while expecting the market in tomorrow’s session to move sideways to sideways down due to a lack of positive drive. The analyst gave a support level at 1,605 points and a resistance level at 1,630 points.
– Foreign Investors dragged SET Index down by 7 points with a 2.8 billion baht of net sell.
