Individuals Buy the Dips for ฿5.6Bn amid a Sharp Plummet of 9pts in SET Index
The total value of buying and selling separated by the investor's type as of May 11, 2021.
– SET Index closed at 1,578.93 points, decreased 9.22 points or 0.58% with a trading value of 102 billion baht. The analyst stated that the Thai stock market made a sharp plunge in the afternoon session after seeing a decline in the European market, while Dow Jones Futures pointed to a low opening on Tuesday as tech stocks sell off expected to continue.
The analyst stated that investors in the U.S. market are rotating from growth stocks with relatively high valuations into value stocks that are expecting to gain benefit from the economy reopening and higher inflation.
The analyst expected SET Index to remain volatile during the earnings season and without a new catalyst, giving a support level at 1,560-1,550 points and a resistance level at 1,585 points.
– Individuals took the opportunity during the selloff to buy the dips with a total amount of 5.6 billion baht.