Foreign Investors Continue to Buoy SET Index by 13pts with a ฿3.2Bn Net Buy
The total value of buying and selling separated by the investor's type as of May 7, 2021.
– SET Index closed at 1,585.03 points, increased 13.12 points or 0.83% with a trading value of 93.8 billion baht. The analyst stated that the Thai stock market moved in the same direction as regional and European markets.
The positive factors in the global buoyed the stock market with positive jobless claims in the U.S., a revised up economic forecast for the U.K., and positive economic data in China.
The analyst stated that the Thai stock market had priced in the negativity to a certain point and the rest is up to the vaccine rollout.
In addition, the analyst expected SET Index to move sideways next week with a limited upside due to Covid-19 concerns, giving a support level at 1,550 points and a resistance level at 1,610 points.
– Foreign Investors continued to buoy SET Index by 13 points with a 3.2 billion baht of net buy.