Individuals Sell the Rips for ฿9.06Bn as SET Surges 40pts, Analyst Warns Profit-Taking
The total value of buying and selling separated by the investor's type as of March 3, 2021.
– SET Index closed at 1,543.40 points, increased 40.04 points or 2.66% with a trading value of 118 billion baht. The analyst stated that the Thai stock market surged above expectations in response to the upcoming U.S. stimulus package and the stabilized bond yield. Meanwhile, the Covid-19 situation is getting better as economic-related stocks, such as retail and tourism stocks, started to recover in hopes of economic recovery.
The analyst advised investors to monitor the OPEC+ meeting which could have an impact on the energy sector.
In addition, the analyst warned of profit-taking in tomorrow’s session after a sharp rise in the stock market, giving a support level at 1,530 points and a resistance level at 1,550 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a ฿9.06Bn of net buy to push SET Index up 40 points.
