Local Institutions Continue the Selloff as End-2Q21 Drawing Near, MPC Lowers GDP Forecast
The total value of buying and selling separated by the investor's type as of June 23, 2021.
– SET Index closed at 1,592.08 points, decreased 7.15 points or 0.45% with a trading value of 77.7 billion baht. The analyst stated that the Thai stock market edged and closed lower after the Monetary Policy Committee (MPC) revised down Thailand’s GDP to 1.8% citing low foreign tourist arrivals and severe effects from the third wave of Covid-19.
Meanwhile, the vaccine jab was also performing lower than anticipated, coupled with the upcoming of political gatherings by pro-democratic protests that caused concerns to investors.
The analyst expected SET Index to continue moving in sideways trends in tomorrow’s session, giving a support level at 1,580-1,567 points and a resistance level at 1,600-1,610 points.
– A 1.6 billion baht of selloff from Local Institutions plunged SET Index by 7 points.
