Institutions Pull Back on SET Index with a ฿2.9Bn Selloff to Plunge Thai Stocks by 2.5pts
The total value of buying and selling separated by the investor's type as of March 15, 2021.
The total value of buying and selling separated by the investor's type as of March 15, 2021.
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– SET Index closed at 1,565.73 points, decreased 2.46 points or 0.16% with a trading value of 72.8 billion baht. The analyst stated that the Thai stock market moved sideways without a new catalyst to drive the market as investors seeked profit-taking after the index broke the 1,550 resistance level in a high surge last week.
The analyst advised investors to keep an eye on the Fed’s minute on March 16-17 to see the direction of bond yield, as well as the political issues and the constitution amendment in Thailand.
In addition, the analyst gave a support level for tomorrow’s session at 1,560-1,530 points and a resistance level at 1,585 points.
– Local Institutions pulled back on Thai stock market with a 2.9 billion baht net sell to plunge SET Index by 2.5pts.