Foreigners Switch to a Selloff Worth ฿906Mn, Plunging SET Index by 2pts
The total value of buying and selling separated by the investor's type as of March 23, 2021.
– SET Index closed at 1,564.25 points, decreased 2.11 points or 0.13% with a trading value of 93.3 billion baht. The analyst stated that the stock market has returned to the normal cycle of surging and profit taking as the economy recovers at a record pace. Without a new catalyst for Thailand, it might be hard to break the 1,600 resistance level.
Meanwhile, the sanction of the U.S., EU, U.K. and Canada on Chinese officials plunged the market sentiment in today’s session as SSEC and HSI both dropped by 1%.
In addition, the analyst recommended investors to monitor the Monetary Policy Committee meeting tomorrow to see economic outlook and policy rate, while giving a support level for tomorrow’s session at 1,555 points and a resistance level at 1,570-1,580 points.
– Foreign Investors plunged SET by 2pts with a 906 million baht of net sell.
