Institutions Drop SET by 5.6pts after a Net Sell of ฿2.4Bn amid Political Unrest
The total value of buying and selling separated by the investor's type as of October 26, 2020.
– SET Index closed at 1,207.97 points, decreased 5.64 points or 0.46% with a trading value of 41.5 billion baht. The analyst stated that the current global outlook did not support the Thai stock market as the Dow Jones Futures dropped more than 300 points ahead of its Monday session due to concerns of the delayed stimulus bills and the rising coronavirus infections in the U.S. and Europe.
The political unrest in Thailand played a big role as domestic factors and investors would have to keep a close eye on a possible escalation of the protest as well as the result of the special parliamentary session on October 26-27.
The analyst expected the volatility to continue with a support level at 1,200 points and a resistance level at 1,223 points.
– Local Institutions net sold 2.4 billion baht worth of Thai shares, dropping SET Index by 5.6 points.
