A Profit-Taking Worth ฿3.1Bn from Foreigners Pressures SET to Close 14pts Lower
The total value of buying and selling separated by the investor's type as of April 24, 2020.
– SET Index closed at 1,258.78 points, decreased 13.75 points or 1.08% with a trading value of 68.7 billion baht. The analyst stated that the market settled in the same direction of regional markets, European markets as well as Dow Jones Futures in response to the report of remdesivir drug did not improve patients’ condition who contracted coronavirus or reduce the pathogen’s presence in the bloodstream.
The analyst asserted that the market was quite expensive due to the continual buying pressure from Local Institutions and Local Individuals for the past few days. Thus, the analyst suggested keeping track of the announcement of financial statements next week such as SCC and PTTEP, while the direction of the Thai stock market would depend on the easing of lockdown measures, and set a support level for next week at 1,240-1,220 points and a resistance level at 1,300-1,316 points.
– Foreign Investors sell the rips for 3.1 billion baht, plunging SET Index by 13 points.
