Foreigners and Institutions Continue to Pull Back on Thai Stocks with a ฿6.6Bn Selloff
The total value of buying and selling separated by the investor's type as of May 12, 2021.
The total value of buying and selling separated by the investor's type as of May 12, 2021.
12 พ.ค. 2564


 
– SET Index closed at 1,571.85 points, decreased 7.08 points or 0.45% with a trading value of 117 billion baht. The analyst stated that the Thai stock market opened on a negative territory in the morning session due to concerns over the inflation rate in the U.S. that is expected to rise from 2.6% in the previous month to 3.6%, which could impact its QE.
In the meantime, big-cap stocks such as TIDLOR and KBANK continued to decline. KBANK had a negative sentiment from the MSCI rebalancing that deleted Kasikornbank FGN, a security listed in Frankfurt, from the MSCI Global Standard, resulting in a selloff in KBANK.
However, the distortion in DELTA erased around 10 points deficit in the stock market today after gaining Bt94.00 per share or 20.26% in today’s session.
The analyst expected SET to continue moving in sideways trends with a support level at 1,560 points and a resistance level at 1,590 points.
– Foreign Investors and Local Institutions continued to pull back on the Thai stock market with a total of 6.6 billion baht.