Institutions Buoy SET Index to Close Higher with a THB1,147 Million of Net Buy

SET Index closed at 1,644.60 points, increased 0.59 points or 0.04% with a trading value of 83.4 billion baht. The analyst stated that the morning session in the Thai stock market was performing well until the selling pressure from the energy stocks dragged the market down. However, the buying pressure in the banking sector helped buoy the SET Index higher in an anticipation of a better-than-expected Thai economy in 2021 after the 3Q21 GDP beat expectations and economists are revising their estimates.

The analyst expected the Thai stock market in tomorrow’s session to move in a range of 1,640-1,650 points.

– A combined net buy of 1.3 billion baht from Local Institutions and Proprietary Trading buoyed SET Index to close slightly higher.