Individuals Buy the Dips, Buoying SET Index to Close Near 1,300pts
The total value of buying and selling separated by the investor's type as of August 21, 2020.
– SET Index closed at 1,299.26 points, increased 2.47 points or 0.19% with a trading value of 42.2 billion baht. The analyst stated that the Thai stock market moved in sideways trends below regional markets due to the depreciated baht that weighed the market down. Stocks related to exports would gain an advantage over the depreciation, while stocks related to power plants would see a disadvantage. In the meantime, the gross refinery margin continued to have a slow recovery.
The analyst advised investors to monitor FTSE rebalancing, expecting SET Index to move sideways next week with a support level at 1,280-1,260 points and a resistance level at 1,320-1,324 points.
– Individuals buy the dips as SET Index dropped lower 1,300 points, buoying the index to close 2.47 points higher.
