A ฿2.2Bn Withdrawal from Foreign Investors Plunge SET Index by 4.6pts amid Rising Dollars
The total value of buying and selling separated by the investor's type as of June 18, 2021.
– SET Index closed at 1,612.98 points, decreased 4.67 points or 0.29% with a trading value of 110 billion baht. The analyst stated that the Thai stock market closed lower as concerns over Fed’s rate hike still lingered, as well as lowering QE. This resulted in strong dollars and weak Thai baht, causing a fund outflow from the Thai stock market.
Asian stock markets also closed in both negative and positive territory, while the European stock markets opened lower upon a report of over 10,000 new cases in the UK.
The analyst expected the fund outflow would continue to weigh on the Thai stock market, resulting in a limited upside next week and gave a support level at 1,600 points and a resistance level at 1,620 points.
– Foreign Investors withdrew 2.2 billion baht from the Thai stock market, plunging SET Index by 4.6pts.