Institutions and Foreigners Return to Seek Thai Shares for ฿1.3Bn after a Huge Selloff
The total value of buying and selling separated by the investor's type as of December 1, 2020.
– SET Index closed at 1,420.87 points, increased 12.56 points or 0.89% with a trading value of 78.4 billion baht. The analyst stated that the Thai stock market rebounded from a heavy selloff yesterday due to the MSCI rebalance. The surge in today’s session followed the hike in regional markets over vaccine development and economic recovery. Moreover, the banking sector performed well today after foreign security companies upgraded their recommendations as the economy started to recover.
In addition, the analyst suggested investors to monitor the Court judgement on the Thai PM tomorrow and the OPEC+ meeting on December 3, 2020, while seeing SET to continue rebasing in tomorrow’s session with a support level at 1,400 points and a resistance level at 1,430-1,450 points.
– Local Institutions and Foreign Investors switched to a net buy of 1.3 billion baht after a huge selloff yesterday.
