Local Institutions Buoy SET by 18pts as Foreigners Sneak for a ฿550Mn Profit-Taking
A short summary to inform investors of what had happened in the Thai stock market on November 26, 2020.
– SET Index closed at 1,433.56 points, increased 17.84 points or 1.26% with a trading value of 80.4 billion baht. The analyst stated that the Thai stock market closed in the same direction of regional markets and European markets as the fund inflow kept flooding in due to the recovery in Thai economy along with higher oil prices, resulting in higher investment in risk assets.
The analyst advised investors to keep monitoring the direction of fund inflow as well as the vaccine development and Thailand’s economic stimulus plan.
In addition, the analyst expected the market to continue its rally due to constant fund inflow, giving a support level at 1,410 points and a resistance level at 1,450 points.
– Local Institutions and Proprietary Trading combined a net buy of 2.37 billion baht to buoy SET Index by nearly 18 points. Meanwhile, Foreign Investors made slight profit-taking for 550 million baht.
