Institutions-Foreigners Combine a Net Buy of ฿2.8Bn to Further Increase SET’s Valuation
The total value of buying and selling separated by the investor's type as of June 1, 2020.
– SET Index closed at 1,352.37 points, increased 9.52 points or 0.71% with a trading value of 65.1 billion baht. The analyst stated that the SET Index continued to rise, in line with regional markets, after China announced a better-than-expected PMI for May, indicating a potential recovery in post pandemic.
However, SET Index lowered its gain in the afternoon after the report of China halting import of U.S. farm products as the country is evaluating the escalated tension between the two countries.
Thus, the analyst suggested to keep a close eye on the development of the U.S. and China tension, the unrest in the U.S. as well as the development of Thai political party.
The support level for tomorrow’s session is 1,335-1,340 points and the resistance level is 1,360 points.
– Foreign Investors and Institutions combined a net buy of 2.8 billion baht, coupled with 416 million baht from Proprietary Trading to buoy SET by 9.5 points.