Foreigners Plunge SET after Joining Institutions and Prop Trade for a ฿3.1Bn Selloff
The total value of buying and selling separated by the investor's type as of May 14, 2020.
The total value of buying and selling separated by the investor's type as of May 14, 2020.
15 พ.ค. 2563


– SET Index closed at 1,280.40 points, decreased 14.15 points or 1.09% with a trading value of 46.6 billion baht. The analyst stated that the Thai stock market closed lower due to concerns over the statement from Jerome Powell, Fed’s Chairman, signalling that the U.S. could be in need of more stimulus.
Meanwhile, the second wave of the coronavirus outbreak reported in China, S.Korea and Germany also weighed on investors sentiment as well.
The analyst advised to keep an eye on the Thai GDP report on May 18, Thai Cabinet meeting on May 19 and the MPC’s meeting on May 20.
In addition, the analyst set a support level for tomorrow’s session at 1,270-1,265 points and a resistance level at 1,280-1,285 points.
– Foreign Investors continued the selloff, coupled with Local Institutions and Proprietary Trading for a total net sell of 3.1 billion baht worth of Thai shares.