Institutions and Prop Trade Combine a Net Sell of ฿4bn to Pressure SET Index by 20pts
The total value of buying and selling separated by the investor's type as of April 1, 2020.
– SET Index closed at 1,105.51 points, decreased 20.35 points or 1.81% with a trading value of 67.1 billion baht. The analyst stated the Thai stock market had a buying pressure in the morning session, but started to decline in the afternoon after the news of Thai PM calling for an emergency on Friday which raised an alarm for the possibility of declaring a curfew. Thus, led to a selloff in the afternoon session.
The analyst stated that the stock market could make a rebound in tomorrow’s session, but depend on the trading in Wall Street tonight and the announcement of new coronavirus cases tomorrow.
The support level for tomorrow’s session is 1,090 points and the resistance level is 1,130 points.
– Foreign Investors and Proprietary Trading combined a net sell of 4 billion baht to drop SET Index by 20pts.
