Institutions, Prop Trade and Foreigners Combine a ฿4.6Bn Net Buy, Buoying SET by 25pts
The total value of buying and selling separated by the investor's type as of June 1, 2021.
– SET Index closed at 1,618.59 points, increased 25.00 points or 1.57% with a trading value of 116 billion baht. The analyst stated that the Thai stock market edged higher in the same direction as the regional and European markets as well as Dow Jones Futures in response to the wide vaccination in the U.S. over 50% and the economic reopening, resulting in the commodity sector to drive the market.
Meanwhile, the Thai stock market was driven by the anticipation of a vaccine rollout on June 7, 2021, after the Thai PM affirmed that the vaccine will arrive as scheduled. Moreover, the 160 billion baht relief package also drove the market as well.
In addition, the analyst advised investors to monitor the OPEC+ meeting today and the momentum of the U.S. bond yield, giving a support level for tomorrow session at 1,600-1,590 points and a resistance level at 1,624-1,630 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a total 4.6 billion baht of net buy as SET Index surged 25 points.
