A ฿1.7Bn Selling Pressure to Take Profit from Individuals Sink SET Index by 2.2pts
A short summary to inform investors of what had happened in the Thai stock market on January 21, 2021.
– SET Index closed at 1,513.51 points, decreased 2.21 points or 0.15% with a trading value of 99 billion baht. The analyst stated that the Thai stock market faced a profit-taking session in mid and small-cap stocks, turning the focus on big-cap stocks such as the banking sector, instead.
The analyst advised investors to monitor the earnings announcement from listed companies and the relaxation measures on the restriction to curb Covid-19 spreading.
In addition, the analyst expected that in a short-term outlook, the market to rebase from profit-taking, but the overall outlook remained the same, giving a support level at 1,500-1490 points and a resistance level at 1,527 points.
– The combination of 1.7 billion baht of net buy from Local Institutions, Proprietary Trading and Foreign Investors failed to prevent the selloff pressure from Individual Investors that plunged SET Index by 2.21 points.
