Foreign Investors Plunge SET Index by Nearly 8pts with a ฿1.6Bn Selloff
The total value of buying and selling separated by the investor's type as of May 20, 2021.
– SET Index closed at 1,554.54 points, decreased 7.70 points or 0.49% with a trading value of 90 billion baht. The analyst stated that the Thai stock market today was fluctuate, so as the regional markets after the report of the U.S. Fed will lower the QE amount and discuss about the risk of inflation rate.
The earning seasons in Thailand had passed and now the market was waiting for a new catalyst amid concerns on the Covid-19 cases that continued to weigh down the market. In the meantime, small-cap stocks saw some buying pressure due to individual catalysts amid a selloff from foreign investors.
In addition, the analyst expected tomorrow’s session to have the same movement as today while waiting for new positive sentiment and monitor the development of Covid-19, giving a support level at 1,550 points and a resistance level at 1,570 points.
– Foreign Investors plunged SET Index with a 1.6 billion baht selloff.
