Institutions Drive SET to Close 18pts Higher with a ฿1.5Bn Net Buy
The total value of buying and selling separated by the investor's type as of August 24, 2020.
– SET Index closed at 1,317.11 points, increased 17.85 points or 1.37% with a trading value of 56.4 billion baht. The analyst stated that the Thai stock market outperformed regional markets, buoyed by positive sentiment from the European markets and Dow Jones Futures after the FDA revealed a positive effect upon using plasma on covid-19 patients.
Meanwhile, the oil futures also edged higher on the news of the hurricane, sending slight positive sentiment to the energy sector.
The analyst advised investors to monitor the Fed’s statement on 27-28 August 2020 to see the economic outlook.
As for tomorrow’s session, the analyst expected a limited upside for the Thai stock market due to the domestic political issue, giving a support level at 1,300 points and a resistance level at 1,330 points.
– Local Institutions led in buying, buoyed SET Index nearly 18 points with a 1.5 billion baht of net buy.