Institutions and Foreigners Combine a ฿6.3Bn Selloff for Profit-Taking
The total value of buying and selling separated by the investor's type as of May 7, 2020.
– SET Index closed at 1,257.98 points, decreased 20.65 points or 1.62% with a trading value of 56.2 billion baht. The analyst stated that the Thai stock market continued to decline amid negativity in the market such as the high valuation, Trump’s threat and bad 1Q20 earnings. The 2Q20 earnings also expected to mostly decline as well due to a direct effect during the lockdown. The decline in the stock market was due to a profit-taking from investors amid negative sentiment in the market.
The analyst expected tomorrow’s support level to be at 1,237-1,220 points and resistance level at 1,267-1,275 points.
– Local Institutions and Foreign Investors combined a 6.3 billion baht of net sell for profit-taking from SET Index.
