Institutions-Foreigners Buoy the Market with ฿2.3bn Net Buy, Raising the Index by 23pts
The total value of buying and selling separated by the investor's type as of February 4, 2020.
– SET closed at 1,519.38 points, increased 23.32 points or 1.56% with a trading value of 58.7 billion baht. The analyst stated that the SET Index made a rebound after a plummet of 1.2% yesterday and over 4% since the virus outbreak. The banking sector and energy sector saw some inflow as European markets and Dow Jones Futures also rose higher.
The analyst expected the situation of an outbreak will start to get better after the first quarter of 2019 while advised investors to wait for the direction of MPC tomorrow.
In addition, the support level was set at 1,500 points and the resistance level at 1,520-1,530 points.
– Local Institutions made a 1.9 billion baht purchase while Foreign Investors continued to buoy SET with 450 million baht of the net buy.
