Huge Inflows of ฿5.5Bn from Foreign Investors Buoy SET by 5pts amid Volatile Market
The total value of buying and selling separated by the investor's type as of May 29, 2020.
The total value of buying and selling separated by the investor's type as of May 29, 2020.
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– SET Index closed at 1,342.85 points, increased 5.34 points or 0.40% with a trading value of 96.1 billion baht. The analyst stated that SET Index was very fluctuating, but still being able to close higher. Meanwhile, European markets and Dow Jones Futures also declined due to concerns over the new legislation in Hong Kong that could trigger a violent protest as well as the trade war between the U.S. and China.
However, SET Index had positive sentiment over the phase 3 easing along with less curfew hours. Although the Thai stock market had high valuation, the analyst did not view it as negative, and still believed to have more investment coming.
The analyst expected a sideways to sideways up movement for next week’s sessions, giving a support level at 1,320 points and a resistance level at 1,360 points.
– Foreign Investors’ huge net buy at the amount of 5.5 billion baht buoyed SET Index by 5pts amid volatility in the global market.