Institutions, Prop Trade and Foreigners Retreat from the Thai Market with ฿4.3Bn
The total value of buying and selling separated by the investor's type as of July 10, 2020.
– SET Index closed at 1,350.50 points, decreased 15.31 points or 1.12% with a trading value of 64.1 billion baht. The analyst stated that the Thai stock market edged lower in the same direction as the regional markets. The analyst believed that investors were waiting to see the development next week, while some might profit-taking.
Next week the banking sector was expected to release their 2Q20 earnings, while the Chinese GDP and U.S. retail data were also expected. Moreover, ECB and BOJ would also hold their meeting next week as well.
The analyst warned that if the index dipped below 1,350 points, it could trigger a landslide selloff. As for next week’s session, the analyst expected a support level at 1,330-1,300 points and a resistance level at 1,380-1,390 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a total of 4.3 billion baht selloff amid rising concerns over coronavirus resurgence.
