Foreigners and Prop Trade Combine a ฿4.2Bn Selloff in a Roller Coaster Session
The total value of buying and selling separated by the investor's type as of May 13, 2021.
The total value of buying and selling separated by the investor's type as of May 13, 2021.
13 พ.ค. 2564


– SET Index closed at 1,548.13 points, decreased 23.72 points or 1.51% with a trading value of 143 billion baht. The analyst stated that the Thai stock market traded lower in the same direction with the regional and European markets in concerns over a faster-than-expected rate hike by the U.S. Federal Reserve and a slower QE after CPI in April beat expectation and reached 4.2%.
Richard Harris Clarida, Vice Chairman of the U.S. Fed, stated that the lower-than-expected payroll and higher inflation rate in April, adding that the Fed will monitor the inflation rate in a long-term and act if they start to move upward.
As for the Thai stock market, the analyst stated that the panic sell occurred after the stock moved lower than the support level at 1,550 points. The selloff was partly due to the block trade that acts automatically upon falling index.
Moreover, the rising coronavirus cases and the MSCI rebalance might be the reason for an adjustment in Foreign Investors’ portfolio.
In addition, the analyst advised investors to monitor the Covid-19 situation in Thailand, giving a support level at 1,520-1,500 points and a resistance level at 1,550 points.
– Foreign Investors and Proprietary trading combined a 4.2 billion baht of net sell to plunge SET Index by 23.7pts.
 
 
 