Institutions, Foreigners and Prop Trade Join Hands to Buoy SET with a ฿800Mn Net Buy
The total value of buying and selling separated by the investor's type as of September 15, 2020.
– SET Index closed at 1,286.18 points, increased 13.84 points or 1.09% with a trading value of 43.8 billion baht. The analyst stated that the Thai stock market moved in the same direction as regional markets as well as the European markets and Dow Jones Futures. The market bounced back, especially in the afternoon session, in response to the cabinet’s approval on allowing a Special Tourist Visa for long-stay tourists, which will start in October.
The analyst advised investors to monitor the Fed’s meeting on September 15-16 and Thailand’s car sales report. However, a lack of solid positive factors made the market unable to increase much further.
As for tomorrow’s session, the analyst expected SET Index to fluctuate as investors would still be cautious amid political issues in Thailand, while estimating a support level at 1,270 points and a resistance level at 1,295 points.
– Local Institutions, Foreign Investors and Proprietary Trading combined a net buy of 800 million baht to buoy SET Index by 14 points.
