Institutions and Foreigners Net Sell of ฿3bn, Sinking SET 15pts in Fear of Trade Tension
The total value of buying and selling separated by investor's type as of May 8, 2019.
– SET closed at 1,654.01 points, decreased 15.67 points or 0.94% with a trading value of THB 55.62 billion. All of the Asia stock has been declining during an ongoing trade war between the U.S. and China. Chinese trade data has been surprised due to the market slow down and turn negative since March 2019.
– Finansia Syrus securities stated that the Thai stock market will have a volatility session again tomorrow as investors awaiting for the result of the trade talks which will be held in Washington on Thursday. Finansia Syrus securities also give a support level at 1,650 and resistance level at 1,665 – 1,670
– Institutions and Foreign Investors combine a net sell of THB 3 billion to sink SET by 15.67 points in fear of trade tension between the U.S. and China.
