Institutions Return with a Net Buy of ฿2.4Bn, Buoying SET by 6pts amid Political Unrest
The total value of buying and selling separated by the investor's type as of October 21, 2020.
– SET Index closed at 1,216.48 points, increased 5.81 points or 0.48% with a trading value of 54.4 billion baht. The analyst stated that the Thai stock market dropped from more than 10 points gain to close 5.81 points higher after a decline in the afternoon session as the protesters announced their movement for a gathering later in the day.
The analyst stated that SET Index performed better than the analyst had anticipated, but still could not break the 1,220 resistance level, while the banking sector which was trading lower for weeks saw a rebound even though the announced earnings were lower than estimated.
In addition, the analyst advised investors to keep monitoring listed companies’ 3Q earnings and keep a close eye on the progress of the protest in Thailand, giving a support level for tomorrow’s session at 1,200 points and a resistance level at 1,225-1,230 points.
– Local Institutions returned with a 2.4 billion baht of net buy and buoyed the Thai stock market by nearly 6 points.
