A Two-Day Buying Streak from Institutions for Another ฿3.8bn Buoy SET by 1.65pts
The total value of buying and selling separated by the investor's type as of February 6, 2020.
– SET closed at 1,535.79 points, increased 1.65 points or 0.11% with a trading value of 69.3 billion baht. The analyst stated that the stock markets had positive sentiment from the announcement that China would halve US tariffs worth $75 billion to advance the healthy and stable development of China-U.S. trade.
Meanwhile, fear over coronavirus started to abate after the Chinese government made a prompt act in trying to limit the outbreak while the number of people that recovered from the virus started to increase.
The analyst suggested investors to keep a close eye on the development of coronavirus as some institutions claimed to have found a vaccine which could be a major factor to buoy the market in the near term.
– Local Institutions made a two-day buying streak for another 3.8 billion baht as the global started to abate worries over coronavirus.
