Local Institutions Buoy SET by 18pts with a ฿2Bn Buying Pressure!
The total value of buying and selling separated by the investor's type as of September 28, 2020.
– SET Index closed at 1,263.02 points, increased 18.08 points or 1.45% with a trading value of 41.3 billion baht. The analyst stated that the Thai stock market made a rebound in today’s session, following the majority trend in global markets in response to the continuous reports on the progression of the coronavirus vaccine, in which eight drugs are currently on the third stage trial.
The domestic factors also came into play as the political issues started to ease and the Thai government announced another stimulus package for Thai tourism. The laggard shares during the past few months such as the banking sector were able to perform well in today’s session. Meanwhile, the buying pressure from a window dressing also pushed the market further.
The analyst expected the market to continue its gain, but with a limited upside in tomorrow’s session, giving a support level at 1,250-1,255 points and a resistance level at 1,275 points.
– Local Institutions buoyed the Thai stock market by 18 points with a net buy of 2,049 million baht.
