A Surge in Buying Pressure from Individuals Buoy Thai Stocks by 2pts
The total value of buying and selling separated by the investor's type as of October 20, 2020.
– SET Index closed at 1,210.67 points, increased 1.92 points or 0.16% with a trading value of 59.2 billion baht. The analyst stated that the Thai stock market moved in both positive and negative territories due to the uncertainty in the U.S. stimulus bills and the prolonged political unrest. However, the index made a slight rebound after the Thai Cabinet announced that it will recall Parliament for a special session to deal with the political unrest on October 26-27.
The analyst expected limited movement for tomorrow’s session with a support level at 1,200-1,180 points and a resistance level at 1,230 points.
– Local Individuals buoyed SET by 2 points with a combined net buy of 2.3 billion baht with Proprietary Trading, while a Local Institutions continued the selloff worth 1.8 billion baht.
