Foreigners-Prop Trade Combine a Net Sell of ฿4.65bn to Take Profit before Earnings Season
The total value of buying and selling separated by the investor's type as of April 15, 2020.
– SET Index closed at 1,236.10 points, declined 20.25 points or 1.61% with a trading value of 69.4 billion baht. The analyst stated that the SET Index faced a profit-taking after a long rally for the past few days, while the technical signal showed that the market was overbought.
The analyst anticipated that the market could be worrying about the decline in the earnings of banking sectors which will be released their financial statements in the next few days. Moreover, Local Institutions had made a net buy for the total of 30 billion baht in the past five weeks, causing the market to worry of a sudden selloff if the banking sectors earnings had a bad outlook.
Thus, the analyst expected a limited upside for tomorrow’s session, giving a support level at 1,230-1,210 points and a resistance level at 1,250-1,260 points.
– Foreign Investors and Proprietary Trading made a selloff for profit-taking with a net sell of 4.65 billion baht.
