A Profit Taking from Individuals-Prop Trade Worth ฿1.6Bn Nearly Plunge SET to Close Lower
The total value of buying and selling separated by the investor's type as of July 7, 2020.
– SET Index closed at 1,373.22 points, increased 0.95 points or 0.07% with a trading value of 81.8 billion baht. The analyst stated that the Thai stock market started to decline in the afternoon after seeing European markets opened with a loss.
Even with a positive morning session, the regional markets continued to decline with only SSEC to post a gain. Meanwhile, the European markets opened lower as German industrial production data came in lower than expected and European Commission further cut European GDP from 7.4% contraction to 8.3%.
Moreover, the death toll at the U.S. stateside reached 130,000 and the confirmed cases were nearly 3 million as the Greater Miami area became its new coronavirus hotspots.
The analyst expected tomorrow’s session to trade narrowly with a support level at 1,370-1,365 points and a resistance level at 1,380 points.
– A selloff worth 1.3 billion baht from Individuals and 284 million baht from Proprietary Trading caused SET Index to close slightly higher by 1 point.