Prop Trade Joins Hand with Institutions and Foreigners to Buoy SET with ฿1Bn of Net Buy
The total value of buying and selling separated by the investor's type as of April 28, 2020.
– SET Index closed at 1,274.99 points, increased 7.58 points or 0.60% with a trading value of 60.5 billion baht. The analyst stated that the Thai stock market was quite volatile due to a profit-taking as the market had been edging higher as of late. The upside, though limited, was from the anticipation of easing the partial lockdown, which would need to wait for the approval tomorrow.
The analyst advised to keep an eye on the Fed and ECB meeting to see the direction of the economy, and expected the market to move sideways in tomorrow’s session. The support level was set at 1,240 points and a resistance level at 1,280 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a net buy of 1 billion baht to buoy SET Index by 7.5pts.
