Foreigners and Prop Trade Support SET with ฿1.4Bn of Net Buy to Close 11pts Higher
The total value of buying and selling separated by the investor's type as of July 17, 2020.
– SET Index closed at 1,359.58 points, increased 11.72 points or 0.87% with a trading value of 41.3 billion baht. The analyst stated that the Thai stock market made a high jump in the afternoon session after having a political development in a positive way, which raised confidence for investors.
Moreover, there were yet to be any reports of domestic coronavirus cases from the event of quarantine violations earlier. Still, the travel and oil demand was yet to recover, causing investors to make a short play.
In addition, the analyst suggested to keep an eye on the announcement of listed companies’ earnings in 2Q20, expecting a sideways trends for next week’s session to be within 1,320-1,370 points.
– Foreigners led the buying team with 1.4 billion baht of net buy, coupled with 524 million baht from proprietary Trading to buoy SET Index by 11.7 points.
