Institutions and Prop Trade Combine a ฿2.1Bn Net Buy to Recover SET by 6.5pts
The total value of buying and selling separated by the investor's type as of August 5, 2020.
– SET Index closed at 1,337.35 points, increased 6.54 points or 0.49% with a trading value of 60.3 billion baht. The analyst stated that the Thai stock market moved in the same direction of global markets in response to anticipation of stimulus plans from the U.S. government.
Oil prices advanced after the U.S. shale storage reported a decline in the previous week, resulting in energy and petrochem stocks to support the market.
Meanwhile, the banking sector slightly rose after the MPC maintained the policy rate and signaled that the current rate could not be any lower. Any stimulus plans to support the economy would have to be in a different measure.
In addition, the analyst expected a support level for tomorrow’s session at 1,330 points and a resistance level at 1,350 points.
– Local Institutions and Proprietary Trading combined a 2.1 net buy to buoy SET Index by 6.5 points.