Institutions and Prop Trade Combine a ฿1.7Bn Selloff to Erase All Gains in SET Index
The total value of buying and selling separated by the investor's type as of March 8, 2021.
– SET Index closed at 1,543.76 points, decreased 0.35 points or 0.02% with a trading value of 108 billion baht. The analyst stated that SET Index set off a good start in the morning session, buoyed by the energy sector over the rally in oil prices. However, the market began to edge lower in the afternoon session due to profit-taking after an uptick in the U.S. 10-year bond yield to surge above 1.60% again.
The analyst advised investors to keep an eye on the bond yield and FOMC’s minute on March 16-17 to see the direction of the policy rate, thus, giving a support level at 1,530-1,520 points and a resistance level at 1,561 points.
– Local Institutions and Proprietary Trading net sold 1.7 billion baht of Thai shares to erase all gains in the SET Index and close slightly lower.
