Foreigners Lead the Selloff Team with ฿4Bn to Plunge SET by 40pts amid Fears of 2nd Wave
The total value of buying and selling separated by the investor's type as of June 15, 2020.
– SET Index closed at 1,341.99 points, dropped 40.57 points or 2.93% with a trading value of 83.3 billion baht. The analyst stated that the Thai stock market declined on negative sentiment over the possibility of the second wave or the coronavirus outbreak, in which some countries such as the U.S., China, South Korea, who eased their lockdown earlier, were seeing an uptick in new daily cases, mostly from places where people clustered.
The second outbreak could plunge the economy to what had been worse to even worse as the recovery from the first outbreak had just started.
Moreover, the Thai stock market had high valuation compared to other markets in the region. Thus, the correction might be heavier than peers. The analyst expected a support level for tomorrow’s session at 1,340-1,320 points and a resistance level at 1,360-1,380 points.
– Foreign Investors poured 4,013 million baht, coupled with a total of 2.79 billion baht selloff from Local institutions and Proprietary Trading to plunge SET Index by 40 points.
