Institutions’ Net Buy Falls Short to Prop Trade and Foreigners’ ฿6.8bn Selloff
The total value of buying and selling separated by the investor's type as of March 16, 2020.
– SET closed at 1,046.08 points, declined 82.83 points or 7.34% with a trading value of 68.1 billion baht. The analyst stated that the Thai stock market declined in the same direction of the regional markets due to concerns over the coronavirus outbreak, especially Thailand that was expected to enter Phase 3 soon.
The analyst expected the market to continue its decline if there is no new positive factor to support. The support level for tomorrow’s session is 969-950 points and the resistance level at 1,100 points.
– Local Institutions slowed down the buying pressure to 1.9 billion baht, falling to a combined 6.8 billion baht from Proprietary Trading and Foreign Investors.
