Foreigners Join Institutions and Prop Trade for ฿5.8Bn Net Buy, Raising SET by 20pts
The total value of buying and selling separated by the investor's type as of November 20, 2020.
– SET Index closed at 1,389.34 points, increased 19.92 points or 1.145% with a trading value of 90.5 billion baht. The analyst stated that the Thai stock market continued to outperform the others in response to the fund inflow and a positive sentiment from the Bank of Thailand, vowing to monitor and slowly curb the baht appreciation.
The analyst advised investors to monitor the political gatherings on November 25, the coronavirus outbreak as well as the vaccine development, while the market is expected to face a profit-taking session next week due to a high rally in the past weeks, giving a support level at 1,330-1,350 points and a resistance level at 1,400-1,410 points.
– Foreign Investors lead the buying team after investing 2.3 billion baht, coupled with a combined 3.4 billion baht of net buy from Local Institutions and Proprietary Trading.
