Individuals Net Buy ฿3.4Bn of Thai Shares, Buoying SET to Close Slight Higher

– SET Index closed at 1,280.76 points, increased 0.36 points or 0.03% with a trading value of 50.6 billion baht. The analyst stated that the movement in today’s session was a selective buy in mid-cap stocks, while the announcement of the lockdown easing phase two did not have much impact on the sentiment as the market had already priced-in this positive factor for the past few days after the new coronavirus cases were stabilized.

However, concerns still looming in the market for the second wave of the virus outbreak, though the overall figure started to slowdown.

The analyst advised to keep an eye for further stimulus packages for business sectors as the government only remedied people who were affected by the outbreak.

The analyst expected the “Selective Buy” to continue into next week’s sessions, giving a support level at 1,266-1,258 and a resistance level at 1,300-1,315.

– A net buy of 3.4 billion baht, buoyed SET to close slightly higher on Friday amid concerns over the second wave of the coronavirus outbreak.