Institutions Lead the Buying Team with a ฿2.8Bn Net Buy, Buoying SET by 12pts
The total value of buying and selling separated by the investor's type as of May 20, 2020.
– SET Index closed at 1,322.20 points, increased 12.25 points or 0.94% with a trading value of 67.6 billion baht. The analyst stated that the Thai stock market was able to close above 1,300 points, raising a technical positive sentiment to advance further. The surge came after the announcement of a policy rate cut of 0.25 percentage point by the Monetary Policy Committee, buoyed by leasing and financial stocks. Meanwhile, the buying pressure in the energy sector due to an increase in oil prices was also a main factor of the higher closing in Thai stock market.
The analyst expected the SET Index to continue its gain in tomorrow’s session with a support level at 1,315 points and a resistance level at 1,328 points.
– Local Institutions continued to lead the buying team with a net buy of 2.8 billion baht to buoy SET Index by 12pts.
