Buying Pressure from Institutions, Prop Trade and Individuals Buoy SET Index by 1pt

SET Index closed at 1,591.84 points, increased 1.03 points or 0.06% with a trading value of 67 billion baht. The analyst stated that the Thai stock market was fluctuating in today’s session as investors made a selloff to lower the risk amid uncertainty of the new Covid-19 omicron variant. Moreover, the index could not surpass the resistance level at 1,590 points, which led to a rebase amid lower trading volume.

The analyst recommended keeping an eye on the omicron situation, vaccine development and today’s OPEC+ meeting, giving a support level for tomorrow at 1,575 points and a resistance level at 1,600 points.

– A combine of buying pressure from Local Institutions, Proprietary Trading and Individuals buoyed SET Index to close slightly higher by 1 point.