Institutions and Prop Trade Combine a ฿1.75Bn Net Buy, Buoying SET to Close 17pts Higher
The total value of buying and selling separated by the investor's type as of May 25, 2020.
– SET Index closed at 1,320.98 points, increased 17.01 points or 1.30% with a trading value of 53.8 billion baht. The analyst stated that both SET Index and regional markets were able to close around 1% higher, especially Japan after the declaration of lifting the state of emergency. Moreover, China’s National People’s Congress did not put more pressure on implementing the national security laws in Hong Kong, thus, the stock markets were able to have a better performance.
The analyst suggested to monitor China’s National People’s Congress, which will continue until May 28, and the MSCI rebalancing on May 29.
The support level for tomorrow’s session is 1,315 points and the resistance level is 1,330 points.
– Local Institutions and Proprietary Trading combine a 1.75 billion baht of net buy to keep SET Index advancing.
