Last Minutes Selloff from Foreign Investors Plunge the Soaring SET to Close Lower
The total value of buying and selling separated by investor's type as of October 31, 2019.
– SET closed at 1,601.49 points, decreased 0.34 point or 0.02% with a trading value of 64.4 billion baht. The analyst stated that a selloff at the end of the trading session plunged the index to close lower despite the positive sentiment of the Fed’s rate cut that buoyed the market in the morning. Still, the market closed above 1,600 points, which was a good sign after a plummet last week.
The analyst had given a support level at 1,600 points and a resistance level at 1,615 points.
– A selloff from Foreign Investors, Proprietary Trading and Individuals before the closing plunged SET Index from a gain of almost 7 points to a loss of 0.34 points.
