The Thai bourse recorded massive outflows as foreign investors offloaded 32 billion baht worth of Thai shares in 45 days, while Thai investors’ trading value dropped to 60-80 billion baht per day amid soaring infections and growing economic uncertainty.
The government announced the extension of the lockdown in 13 provinces with the highest infection rates for another 14 days as cases continue to soar in the North and Northeast.
Another 16 provinces were added to the lockdown list and the measure is effective from today.
Chanchai Panthatanakij, a technical investment analyst at Asia Plus Securities (ASPS), said the surging infections is a major factor undermining investor confidence.
He expects the pandemic will make a significant dent on economic growth and the profit of listed companies in the second half this year.
The number of daily new cases has exceeded…
