A THB1.4 Billion Selloff from Local Institutions Pressures SET Index to Drop 3.5pts

SET Index closed at 1,641.73 points, decreased 3.59 points or 0.22% with a trading value of 96 billion baht. The analyst stated that the Thai stock market moved narrowly after a surge yesterday, resulting in a slow down in today’s session while the FTSE Rebalance has limited impact on the Thai market.

In addition, the analyst stated that SET Index could move in sideways to sideways-up trends next week in anticipation of the cabinet meeting to announce more stimulus plans, giving an index range at 1,630-1,660 points.

– Local Institutions led in selloff worth 1,467 million baht as SET Index dropped 3.59 points.