Institutions Buoy SET Index with a ฿900m Net Buy amid Series of Selloffs from Foreigners
The total value of buying and selling separated by the investor's type as of October 1, 2020.
– SET Index closed at 1,247.59 points, increased 10.55 points or 0.85% with a trading value of 44.8 billion baht. The analyst stated that the Thai stock market rebounded after a two-day plummet, caused by Foreign Investors’ selloff as the country still lacked a catalyst to boost the investment and the special visa for tourists would not have an impact on the GDP in 2020.
The European stock markets also performed well in their morning sessions, following the trend in the U.S. stock market last night as well as the Dow Jones Futures that rose 200 points.
Still, the analyst saw the market to continue its down trend, while investors chose selective buy, depending on each stock individual factors.
The analyst expected tomorrow’s session to move between 1,250-1,266 points.
– Local Institutions buoyed the market with a 901 million baht of net buy, while Prop Trade, Foreign Investors and Individuals combined for a selloff.