Institutions Start Off 2019 with ฿1.96bln. Buy to Buoy SET over Global Plummet
The total value of purchasing and selling separated by investor type as of January 2, 2019.
Local institutions initiated the new year with ฿1.96 billion buy to rescue SET out of the danger zone that global markets are facing.
SET closed at 1,565.94 points, hiked 2.06 points or 0.13% with ฿31.6 billion in value despite all the negativity from global issues.
U.S. stocks index futures shrank on the first trading day of the new year as the surveys showed the world’s second-largest economy’s Markit Manufacturing Purchasing Managers’ Index (PMI) for December dropped to 49.7 points from 50.2 points in November.
Purchasing Managers Index (PMI) is an index compiled and summarized through the results of the monthly survey of enterprises purchasing managers. It is one of the leading indices which was commonly adopted by international society to monitor the macroeconomic trends, and played an important role in forecasting and monitoring.
At 16:30 in Thailand, Dow future sank 357 points or 1.53% to 22,913 points, but the lowest point before the market open was 476 points, while S&P future also plunged 38.37 points or 1.53% to 2,466.88 points.
Asia major indices all closed in negative territory. NIKKEI skidded 0.31%, SSEC dipped 1.15%, HSI fell 2.77%, ASX 200 downed 1.57% and KOSPI shrunk 1.52%.