Analysts promote friendly policies

The local stock market can shift from a bear to a bull market if the authorities halt anti-investor policies that undermine confidence, causing foreigners to sell more than 100 billion baht worth of Thai shares this year, say analysts.

Paiboon Nalinthrangkurn, chief executive of Tisco Securities and chairman of the Investment Analysts Association, said the Thai stock market is among the few bourses in the region where the index has not returned to pre-Covid levels.

Year-to-date, the Stock Exchange of Thailand (SET) has a negative return of 8.78% and is in a bear market trend.

Mr Paiboon attributed this to Thailand’s relatively slow economic recovery compared with other countries that took less than a year to rebound to pre-Covid levels.

In addition, China’s slow recovery after reopening is another factor hurting the Thai stock market, he said.

The tourism sector…