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Monday, May 6, 2024

Investors wary of SET potential

Risks remain for local bourse this year

The SET index has declined by 11.8% year-on-year for the first nine months of 2023.

When the Stock Exchange of Thailand (SET) rebounded by 1.5% on Oct 11, with foreign investors buying nearly 3 billion baht worth of stocks, veteran investor Watchara Kaewsawang was in no rush to return to the market.

“I think this was a short-term technical rebound after the index fell for several days,” said the 50-year-old investor who has traded Thai stocks since 1992.

He said he has traded a lot less this year than in the past.

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