Foreigners Plunge the Market by 9pts with a Selloff Nearly ฿8,000 Million
The total value of buying and selling separated by the investor's type as of April 8, 2020.
The total value of buying and selling separated by the investor's type as of April 8, 2020.
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– SET closed at 1,205.77 points, decreased 9.18 points or 0.76% with a trading value of 92.8 billion baht. The analyst stated that the SET Index declined in today’s session which was in line with most regional markets after a two-day rally.
It was common to see a profit-taking after a rally, especially in this situation, said the analyst. However, investors should monitor the development of coronavirus in the U.S. and Europe closely as this week could be their peak of the spread which could slowdown afterward. The ups and downs of confirmed cases in Thailand are also a major factor to keep a close eye on during this period.
A selloff in energy sector, especially PTT Group affected the market greatly. The selloff occurred after a plummet over 9% of oil prices in the previous session.
Lastly, the analyst suggested investors to monitor the outcome of the OPEC+ meeting, but the report of the meeting could come tomorrow night. The oil prices outlook could be better if the group decided to cut their output to match the current demand.
The support level for tomorrow’s session is 1,185 points and the resistance level is 1,220-1,245 points.
– Foreign Investors made a huge selloff worth nearly 8 billion baht to plunge the Thai stock market by 9 points.
 