Individuals Continue Buying the Dips Nearly ฿6Bn amid Market Plummet on US-China Tension
The total value of buying and selling separated by the investor's type as of July 24, 2020.
The total value of buying and selling separated by the investor's type as of July 24, 2020.
29 ก.ค. 2563


– SET Index closed at 1,340.92 points, decreased 18.83 points or 1.38% with a trading value of 46.5 billion baht. The analyst stated that the decline in the Thai stock market was in the same direction as global markets, mainly due to worries over the U.S. and China tension after Beijing retaliated by issuing an order for a closure of the U.S. consulate in Chengdu.
Moreover, the fatalities in the U.S. was above 1,000 lives for the third day in a row. In the meantime, the cases in Brazil kept on rising as well. Concerns over the prolonged outbreak caused a plummet in the U.S. stock market, even on the tech stocks that mostly reported better earnings than anticipated.
As for the Thai market that would enter a long holiday, giving the reason for a selloff to wait and see what would happen during these four days.
The analyst expected a support level for SET Index next week at 1,330 points and a resistance level at 1,360-1,380 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a ฿5.9Bn selloff to plunge SET Index by nearly 19 points.