Institutions and Foreigners Retreat ฿4.6Bn from Thai Stocks as Concerns on Economy Grow
The total value of buying and selling separated by the investor's type as of August 20, 2020.
– SET Index closed at 1,296.79 points, decreased 11.88 points or 0.91% with a trading value of 49 billion baht. The analyst stated that the Thai stock market plunged in the same direction as regional and European markets as well as the Dow Jones Futures due to concerns over the Fed’s statement that forecasted a prolonged effect of coronavirus on the U.S. economy.
Meanwhile, the escalated political issues in Thailand also put more weight on investors after the pro-democratic leaders were arrested.
The analyst set a support level for tomorrow’s session at 1,280 points and a resistance level at 1,320 points.
– Local Institutions and Foreign Investors combined a selloff at the amount of 4.65 billion baht to plunge SET below the support level of 1,300 points.
