Local Institutions Continue the Selloff as End-2Q21 Drawing Near, MPC Lowers GDP Forecast
The total value of buying and selling separated by the investor's type as of June 23, 2021.
The total value of buying and selling separated by the investor's type as of June 23, 2021.
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– SET Index closed at 1,592.08 points, decreased 7.15 points or 0.45% with a trading value of 77.7 billion baht. The analyst stated that the Thai stock market edged and closed lower after the Monetary Policy Committee (MPC) revised down Thailand’s GDP to 1.8% citing low foreign tourist arrivals and severe effects from the third wave of Covid-19.
Meanwhile, the vaccine jab was also performing lower than anticipated, coupled with the upcoming of political gatherings by pro-democratic protests that caused concerns to investors.
The analyst expected SET Index to continue moving in sideways trends in tomorrow’s session, giving a support level at 1,580-1,567 points and a resistance level at 1,600-1,610 points.
– A 1.6 billion baht of selloff from Local Institutions plunged SET Index by 7 points.