Institutions Fail to Boost Thai Stock Market with ฿1.4Bn Net Buy, SET Drops by 7.6pts
The total value of buying and selling separated by the investor's type as of May 28, 2020.
– SET Index closed at 1,337.51 points, decreased 7.60 points or 0.56% with a trading value of 85.8 billion baht. The analyst stated that the Thai stock market fell due to concerns over the U.S. and China escalated tension as Beijing just approved the new legislation for Hong Kong. Meanwhile, stocks in Europe still traded higher due to the recently approved stimulus package from ECB.
The analyst advised investors to keep a close eye on the development between the U.S. and China, giving a support level at 1,330-1,320 points and a resistance level at 1,360 points.
– Local Institutions lost to selloff pressure of 1.4 billion baht from Prop Trade, Foreign Investors and Individual.
