Foreigners and Prop Trade Plunge SET with a Total of ฿4.6bn Selloff amid Rate Cut
The total value of buying and selling separated by investor's type as of August 7, 2019.
– SET closed at 1,669.44 points, declined 2.04 points or 0.12% with a trading value of THB 84.4 billion. Analyst stated that the market made a huge jump after the MPC announced the rate cut by 0.25%, but faced a selloff for profit taking from bank and energy sectors, causing the market to edge lower today. The cut showed that the economy is not doing well, but the market still has some hope from the government stimulus plans.
– Foreign Investors and Proprietary Trading poured their stocks back to the market for a total of THB 4.6 billion while Institutions scooped everything that had been poured to their portfolio.