Institutions and Prop Trade Buoy SET by 12.4pts with a Combination of ฿2.4Bn Net Buy
A short summary to inform investors of what had happened in the Thai stock market on January 19, 2021.
– SET Index closed at 1,522.59 points, increased 12.46 points or 0.82% with a trading value of 87.6 billion baht. The analyst stated that the Thai stock market closed higher, in line with the regional market and Dow Jones Futures that edged higher as well.
Moreover, the Thai stock market was also distorted by the buying pressure in DELTA that closed 11% higher with a trading value of 1,191 million baht. Meanwhile, investors were expecting to adjust their portfolio to make a place for OR, but the analyst estimated that the selling pressure was almost over.
In addition, the analyst recommended investors to continue keeping an eye on the banking sector’s earnings, expecting the SET Index could edge higher. Thus, the analyst gave a support level for tomorrow’s session at 1,510-1,515 points and a resistance level at 1,530-1,535 points.
– Local Institutions and and Proprietary Trading combined a net buy of 2.4 billion baht to buoy SET Index by 12.46 points.
