SET Closes Slightly Higher as Individuals Buoy the Market with a ฿1,051Mn Net Buy
A short summary to inform investors of what had happened in the Thai stock market on January 25, 2021.
– SET Index closed at 1,501.62 points, increased 3.74 points or 0.25% with a trading value of 82.7 billion baht. The analyst stated that the Thai stock market moved in both positive and negative territory in today’s session without a positive catalyst to drive the market, while the profit taking late last week caused the index to rebase. However, the analyst stated that SET Index was able to close above 1,500 point, which was a good sign.
The analyst recommended investors to monitor the Thai cabinet’s meeting tomorrow, corporate earnings in 2020 and the Fed’s meeting this week, while emphasizing that the Thai stock market is in a process of rebasing, giving a support level at 1,490-,1480 points and a resistance level at 1,510 points.
– Individuals buoyed SET Index by 3.7pts with a net buy of 1,051 million baht.
