Individuals and Foreigners Combine a ฿2.1Bn Net Buy, Narrowing the Gap to only 1.3pts ATC
The total value of buying and selling separated by the investor's type as of July 14, 2020.
– SET Index closed at 1,341.07 points, decreased 1.30 points or 0.10% with a trading value of 63.9 billion baht. The analyst stated that the Thai stock market narrowed the whole-day losses to only 1.30 points at the closing after a soft buying pressure in the major bank stocks in response to a report of the Bank of Thailand to reduce the amount commercial banks pay into the Financial Institutions Development Fund (FIDF) after its first reduction in April.
However, concerns over the resurgence of the second outbreak remained after California closed some businesses due to its high contagious rates, while suggesting to keep a close eye on the development of new cases in Thailand.
The analyst expected a support level for SET Index in tomorrow’s session foat 1,325 points and a resistance level at 1,345-1,350 points.
– The buying pressure from Individuals and Foreign Investors negated most negativity in the market, buoying SET to close with a 1.30 points decline.
