Institutions-Individuals Buy the Dips, Buoying SET by 11pts with ฿3.5bn of Net Buy
The total value of buying and selling separated by the investor's type as of January 29, 2020.
– SET closed at 1,524.59 points, increased 11.33 points or 0.75% with a trading value of 64.2 billion baht. The analyst stated that SET Index edged higher in the same direction of Nikkei, European stocks and Dow Jones Futures despite a plummet in Hang Seng.
The analyst believed that investors are weighing on the impact of coronavirus, causing a swing in today’s session. Meanwhile, the buying pressure from AOT and GULF, along with the announcement of better-than-expected revenue from SCC buoyed the market even though stocks in the construction sector faced a selloff due to the report of the Constitutional Court accepting the petition for the ruling on the budget bill.
In addition, the analyst set a support level at 1,500 points and a resistance level at 1,550 points.
– Local Institutions and Individuals joined hands to buoy SET Index by 11 points with a net buy of 3.5 billion baht.
