A ฿1.8Bn Selloff from Individuals and Foreigners Hammer Bullish SET to Gain 2pts Higher
The total value of buying and selling separated by the investor's type as of March 11, 2021.
– SET Index closed at 1,575.13 points, increased 2.08 points or 0.13% with a trading value of 102 billion baht. The analyst stated that the Thai stock market narrowed down its gain due to a profit taking after a high surge above 1,580 points, especially hemp-related stocks due to the rumor that the Stock Exchange of Thailand might request a listed company to propose an in-dept investment plan for its hemp business.
In addition, the analyst expected SET Index to move between 1,550-1,620 points in the next two weeks,while giving a support and resistance level for tomorrow’s session at 1,565-1,580 points.
– Local Institutions continued to buoy SET Index with a 1.7 billion baht of net buy, keeping SET higher amid Individuals’ selloff.
