Foreigners and Individuals Pour Thai Stocks for a Profit-Taking to Overturn SET Index
The total value of buying and selling separated by the investor's type as of August 25, 2020.
– SET Index closed at 1,315.99 points, decreased 1.12 points or 0.08% with a trading value of 56.3 billion baht. The analyst stated that the Thai stock market traded lower in the afternoon session, in line with the European markets that kicked off with a 1% gain and then dropped to an average of 0.5% gain. The market already responded to the positive sentiment over the U.S.-China talks and the treatment method on covid-19 patients using plasma.
Meanwhile, the cabinet meeting did not report any positive factors that could buoy the market and the domestic political issues continued to weigh on investors’ sentiment.
The analyst expected the market to move in sideways trends in tomorrow’s sessions with a support level at 1,310 points and a resistance level at 1,325-1,330 points.
– The profit-taking from Foreign Investors, Proprietary Trading and Local Individuals worth 1.3 billion baht plunged erased gains in the market and plunged SET Index by 1.12 points.
