Institutions and Prop Trade Continue to Buoy Thai Stock Market with a ฿6Bn Net Buy

– SET Index closed at 1,336.09 points, increased 15.11 points or 1.14% with a trading value of 73.9 billion baht. The analyst stated that global stock markets were buoyed by positive sentiment of a coronavirus vaccine, produced by Novavax.

The Thai stock market had buying pressure from tourism and hotel stocks on the anticipation of phase 3 easing and stimulus plans, expected in July, to support domestic tourism.

The analyst advised to keep monitoring the lockdown easing, the development of U.S. and China tension as well as China and Hong Kong.

In addition, the analyst expected a profit taking in tomorrow’s session after a successive climb, giving a support level at 1,320 points and a resistance level at 1,350 points.

– Local Institutions and Proprietary Trading continued to buoy SET Index with a combined 6 billion baht net buy.