Foreign Investors Return with a ฿1.1Bn Net Buy to Buoy SET by 22pts
The total value of buying and selling separated by the investor's type as of May 6, 2021.
– SET Index closed at 1,571.91 points, increased 22.69 points or 1.46% with a trading value of 91.3 billion baht. The analyst stated that the Thai stock market edged higher than expected, buoyed by various positive factors such as the vaccine rollout and more to come in a later date, coupled with the government enabling private companies to import vaccines, which could boost vaccination rate.
As for the Thai market, the relief package from the government boosted the market sentiment and economy, coupled with a technical rebound after the index moved higher than 1,550 points.
The analyst recommended investors to monitor the Covid-19 situation in Thailand and the earnings season of listed companies in which the big-cap companies that released its earnings earlier were better-than-expected, which could result in a revised financial estimation later this month.
In addition, the analyst expected SET Index to edge higher but with limited upside, giving a support level at 1,550 points and a resistance level at 1,580-1,590 points.
– Foreign Investors returned with a net buy of 1.1 billion baht to buoy SET Index by 22 points.