Foreigners Continue to Buoy SET Index for the 2nd Day with ฿2,089m of Net Buy
The total value of buying and selling separated by the investor's type as of June 2, 2020.
The total value of buying and selling separated by the investor's type as of June 2, 2020.
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– SET Index closed at 1,374.18 points, increased 21.81 points or 1.61% with a trading value of 70.9 billion baht. The analyst stated that the Thai stock market edged higher in the same direction with regional markets and Dow Jones Futures as many countries around the globe started to ease their lockdown.
Investors were also hoping for OPEC and its allies to further their output cut after the oil price continued to rise, sending positive momentum to the market along with the easing lockdown.
However, the analyst still advised to keep monitoring the unrest in the U.S. and the dispute with China after Beijing reportedly halted U.S. agricultural import products.
The analyst expected the market on Thursday, June 4, 2020, to swing sideways and sideways up with positive momentum. The support level is 1,360 points and the resistance level is 1,390 points.
– Foreign Investors led the buying team with 2,089 million baht of net buy to buoy the Thai stock market by nearly 22 points.