Foreign Investors Continue to Withdraw from Thai Market, Plunging SET by 10pts
A brief summary of major changes and significant developments in the Thai stock market on August 11, 2021.
– SET Index closed at 1,532.71 points, decreased 9.91 points or 0.64% with a trading value of 99.7 billion baht. The analyst stated that the Thai stock market closed lower in a selloff manner to lower the risk prior to a holiday tomorrow and the uncertainty of Covid-19 situation and political issues in Thailand.
In the meantime, the analyst expected that the Covid-19 situation in Thailand should be close to its peak, and the fast-paced vaccination should help relax concerns on the matter.
In addition, the analyst expected SET Index to recover on Friday if no critical situation comes up, giving a support level at 1,525 points and a resistance level at 1,550 points.
– Foreign Investors continued to withdraw from the Thai stock market with more than 3,000 million baht of selloff, causing SET Index to plunge 10 points.
