The Stock Exchange of Thailand composite index on Tuesday stretched its gaining streak to a new record high in 21 months at 782.48 points, up 10.23 points or 1.32 percent from the previous session amid heavy turnover of 33.10 billion baht in trade volume.

The market reached the record in the morning session before it slipped to the day’s resistance of 774.5 points and made its rebound during the same session.

Asia Plus Securities’ senior director Terdsak Taweeratham said the market may continue to reach its winning streak record for period due to a continuous capital infusion from foreign investors and a profit-taking by local investors.

He said the market may switch to a slip trend whenever it reached its peak.

The day’s most noticeable trade involved in PTTAR, PTT, TCAP, IRPC, and IVL.

The Thai government on Tuesday extended tax intensive package on property for the next two months until May 31. The effort is to encourage home buying and property rights transfer activities over the period.

Prime Minister Abhisit Vejjajiva said homebuyers will enjoy the low transfer and mortgage fee of 0.01 percent during the period.

The fee will be swung up to a normal rate of 2.0 percent of the property value end of the period.