Institutions and Foreigners Plunge SET by 9.37 pts with a Total of ฿2bn Net Sell
The total value of buying and selling separated by investor's type as of May 7, 2019.
– SET closed at 1,669.68 points, decreased 9.37 points or 0.56% with a trading value of THB 51.4 billion as investors still concern about US-China trade after the U.S. President Donald Trump tweeted to impose 25% tariffs on $200 billion worth of Chinese goods. Asia markets started to recover, though some still closed in negative territory due to the announcement from Chinese delegates that they will be traveling to Washington for the meeting on this Thursday and Friday.
Krungsri Securities believes that the market would rebound tomorrow, giving a support level at 1,660-1,665 and resistance level at 1,680 – 1,685.
– Institutions and Foreign Investors panicked over the trade war, plunged SET by 9.37 points with a total of THB 2 billion net sell.
