Individuals Take the Opportunity to Scoop ฿5.3Bn Worth of Thai Shares amid SET’s Plummet
A short summary to inform investors of what had happened in the Thai stock market on January 15, 2021.
– SET Index closed at 1,519.13 points, decreased 16.85 points or 1.10% with a trading value of 101 billion baht. The analyst stated that the selloff in DELTA impacted SET Index around 7.48 points and pointed out that the trends in DELTA started to die out. Meanwhile, the analyst expected institution investors to adjust their portfolio to subscribe PTT Oil and Retail Public Company Limited (OR)’s IPO, though institution investors should already have a good amount of budget for investment in reserve and the proportion of OR that provided to institution investors was only 2-3% out of a total of 25% of its newly issued ordinary shares.
The analyst advised investors to keep an eye on the Thai cabinet meeting next week regarding the stimulus package and the announcement of 4Q20 earnings of the banking sector.
In addition, the analyst gave a support level for next week at 1,500 points and a resistance level at 1,550 points.
– Individuals took the opportunity to buy the dips after Local Institutions, Proprietary Trading and Foreign Investors combined a 5.3 billion baht selloff to plunge SET Index by 17pts
