Local Institutions Buoy SET Index by 21pts with a THB2.9 Billion of Net Buy
The total value of buying and selling on December 7, 2021, categorized by the investor's type.
– SET Index closed at 1,609.28 points, increased 21.09 points or 1.33% with a trading value of 74.9 billion baht. The analyst stated that the Thai stock market moved in line with global markets, closing in a positive territory as concerns over the Covid-19 variant eased, resulting in reopening stocks pushing the market higher despite finding the first case of omicron variant in Thailand, seeing the symptoms are mild.
The rising oil prices also buoyed the market, coupled with buying pressure in BAY in the afternoon in response to the report of acquiring Citi Group’s Thai unit.
The analyst expected the Thai stock market tomorrow will have limited upside after a huge surge today, giving a support level at 1,600 points and a resistance level at 1,615 points.
– Local Institutions made a 2,949 million baht of net buy, pushing SET Index by 21 points while Individuals took profit for more than 3,000 million baht.
