Foreigners Lead Institutions to Sell Thai Shares for ฿3.8Bn, Plunging SET by 6.8pts
A short summary to inform investors of what had happened in the Thai stock market on January 20, 2021.
– SET Index closed at 1,515.72 points, decreased 6.87 points or 0.45% with a trading value of 93.5 billion baht. The analyst stated that the Thai stock market rebased in today’s session ahead of Joe Biden’s inauguration day. Meanwhile, the announcement of the banking sector’s 4Q20 earnings pressured the stocks and dragged the market down. The selling pressure from refinery-related stocks also pulled the market down as well.
The analyst expected the Thai stock market to be lively in response to Biden’s taking the office, giving a support level at 1,505 points and a resistance level at 1,530 points.
– A 2,095 million baht of net sell from Foreign Investors and a 1,715 million baht selling pressure from Local Institutions dropped SET Index by 6.87 points.
