Individuals Lift SET to Close Higher by 1pt with a ฿1.38Bn of Net Buy
The total value of buying and selling separated by the investor's type as of November 4, 2020.
– SET Index closed at 1,222.44 points, increased 1.11 points or 0.09% with a trading value of 49.8 billion baht. The analyst stated that the Thai stock market fluctuated when the results of the U.S. presidential election remained unclear, causing a profit taking from investors.
Meanwhile, there are no domestic factors to buoy the market with only buying pressure on TU and DCC due to their outstanding performance in 3Q20 earnings.
The analyst advised investors to keep an eye on the result of the U.S. election as both candidates were expected to give stimulus bills a push unlike the dispute before the election. However, the market could turn negative if the results are unclear or Trump takes his petition to the Supreme Court.
In addition, the analyst expected a support level for tomorrow’s session at 1,215 points and a resistance level at 1,231 points.
