Foreigners and Institutions Combine a ฿5.4Bn Selloff to Pressure SET Index by 15pts
The total value of buying and selling separated by the investor's type as of July 2, 2021.
– SET Index closed at 1,578.49 points, decreased 15.26 points or 0.96% with a trading value of 80.9 billion baht. The analyst stated that the decline in the Thai stock market was due to concerns over the acceleration of Covid-19 cases in Thailand, coupled with the upcoming political gathering, resulting in a selloff to lower the risk.
Meanwhile, the majority of Asian stock markets were negative as investors were monitoring the OPEC meeting and the U.S. nonfarm payroll.
The analyst expected the Thai stock market to perform better next week as investors would make a speculative buy on securities with strong 2Q21 results, expecting a support level at 1,565-1,550 points and a resistance level at 1,585-1,595 points.
– Foreign Investors and Local Institutions combined a 5.4 billion baht of selloff to plunge SET Index by 15 points amid concerns over Covid-19 situation.
