Institutions and Foreigners Withdraw THB3.9 Billion to Plunge SET Index by 11pts
The total value of buying and selling on September 30, 2021, categorized by the investor's type.
– SET Index closed at 1,605.68 points, down 11.30 points or 0.70% with a trading value of 90.65 billion baht. The analyst stated that a decline in the Thai stock market was from a sell-off of big-cap stocks, especially banking shares and energy shares.
The banking sector fell today after rising for a while. The downturn was primarily due to the approaching earnings preview period, which is expected to see a slowdown in 3Q21 earnings due to the COVID lockdowns. While energy stocks fell in line with crude oil prices. Also, the market was weighed down by the number of Covid-19 cases, which again exceeded 10,000 per day.
For tomorrow’s outlook, the analyst anticipated that the market’s downturn would continue in the absence of any new drivers, establishing a support level at 1,590 points and a resistance level at 1,620 points.
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