Recovery foreseen after sluggish April

The Stock Exchange of Thailand struggled with another period of weakness in April. The index started the month at 1,609.17 points and declined steadily thereafter, hitting its low on the last trading day of the month at 1,524.30 and closing at 1,529.12, a drop of 80.05 points or 5% in just one month.

Foreign investors were net sellers for April at 7.9 billion baht, while local institutions were net buyers of 822 million, and retail investors were net buyers of 7.6 billion baht. A key factor behind the fall was the big price drop of DELTA during the month, which in turn soured sentiment throughout April.

Also contributing to the decline was uncertainty about…