Foreign Investors Lead the Market in Buying Power, Pushing SET Index over 1,600pts
The total value of buying and selling on August 25, 2021, categorized by the investor's type.
– SET Index closed at 1,600.49 points, increased 13.51 points or 0.85% with a trading value of 92.9 billion baht. The analyst stated that the Thai stock market performed better than expected, even without solid factors to drive the market. The buying pressure came from laggard and rebased stocks, as well as the speculation on domestic plays in hopes of the easing lockdown measures from lower Covid-19 infection rate.
The analyst expected this uptrend in SET Index to be in the range of 1,620-1,630 points, while giving a support level for tomorrow’s session at 1,590 points and a resistance level at 1,612-1,620 points.
– Foreign Investors led the market in net buy of 3.6 billion baht, pushing SET Index above the resistance level of 1,600 points.
