– SET Index closed at 1,587.79 points, decreased 3.64 points or 0.23% with a trading value of 83.5 billion baht. The analyst stated that the Thai stock market edged lower while seeing the risk of rebasing in 3Q21 due to the prolonged Covid-19 situation and expecting the movement range of SET Index in 2H21 at 1,450-1,643 points with a limited upside and wider downside.
Thus, the analyst stated that there is a possibility for the Thai stock market to edge lower and an opportunity to speculate and increase investment weight when the Index falls to 1,500 points.
In addition, the analyst recommended investors to monitor the OPEC meeting and estimated tomorrow’s support level at 1,580-1,565 points and a resistance level at 1,600 points. Lastly, the momentum would crumble if the index falls below 1,565 points.
– A 3.9 billion baht pullback from Foreign Investors turned SET Index to close in negative territory with a loss of 3.64pts.