Foreigners Pull Back from the Thai Stock Market with a ฿1.9Bn Selloff
The total value of buying and selling separated by the investor's type as of July 16, 2020.
– SET Index closed at 1,347.86 points, decreased 6.45 points or 0.48% with a trading value of 47.8 billion baht. The analyst stated that Thai stock market dropped lower on Thursday, but still slightly better than the regional market due the easing of coronavirus cases that prompt worries on investors a few days ago.
However, the rising coronavirus cases in the U.S. and the increased tension between the U.S. and China still weigh on investors sentiment.
The analyst suggested investors to wait and see the earnings of listed companies in 2Q20, which would be released in succession.
In addition, the analyst expected a stable session for tomorrow with a support level at 1,340 points and a resistance level at 1,355 points.
– Foreign Investors pulled 1.9 billion baht from the Thai stock market, crashing the market by 6.45 points.