Foreigners Net Sell THB890 Million of Thai Shares as Market Looks for Catalysts

– SET Index closed at 1,625.65 points, decreased 6.05 points or 0.37% with a trading value of 105 billion baht. The analyst stated that the Thai stock market fluctuated in today’s session from the profit taking in big-cap stocks as uncertainties over the opening in October grew. Meanwhile, investors were also looking forward to the U.S. Fed meeting next week that could potentially result in a slower fund flow. However, if the Fed decided to taper around 10-15 billion dollars, that could be positive to the fund flow.

In addition, the analyst expected SET Index to move in a limited range next week, giving a support level at 1,615-1,607 points and a resistance level at 1,630-1,643 points.

– Foreign Investors withdrew 890 million baht from SET Index as the market looked for catalysts.

 

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