Individuals Take Some Profit with ฿2.2Bn Net Sell amid Rising Concerns over Coronavirus
The total value of buying and selling separated by the investor's type as of June 29, 2020.
– SET Index closed at 1,329.76 points, decreased 0.58 points or 0.04% with a trading value of 48.7 billion baht. The analyst stated that Asia stocks closed lower on Monday as investors weighed on the impact of coronavirus that already killed 500,000 people and infected over 10 million people globally.
The second wave could be seen in South Korea that struggled with the resurgence of new cases after the reopening economy. The country posted an average of double-digit new cases daily.
Beijing, though lower the infection rates, still posted double-digit new cases, which tied to the spread at the market.
The U.S. reported roughly 30,000-45,000 in the past week, while some states such as Texas and California had to close some of the businesses again.
However, the analyst stated that the Thai stock market negated all negativity and closed slightly lower by 0.04% due to the buying pressure on SSFX, while Dow Jones Futures and European stocks also showed some gains.
The analyst expected a sideways session for tomorrow due to concerns over coronavirus, giving a support level at 1,300-1,305 points and a resistance level at 1,330 points.
– Individuals poured 2.2 billion baht worth of Thai shares amid rising coronavirus cases that topped 10 million.