Picture courtesy of vacstock, Freepik
The Stock Exchange of Thailand (SET) anticipates a resurgence of foreign investors as progress in the nation’s economic policies, baht stability, and economic recovery gains momentum. Over the past eight months, foreign investors have sold more than they purchased, resulting in a net outflow of 22.4 billion baht (US$ 606,388,832). Despite this, the foreign investor trading ratio remained the highest among investor types for 17 consecutive months, according to Soraphol Tulayasathien, senior executive vice-president of the SET.
The SET index, which ended September at 1,471.43 points, contracted by 11.8% year-to-date, echoing the performance of other regional markets. The average trading value of the SET and the Market for Alternative Investment plunged 34.1% year-on-year to 49.5 billion baht (US$ 1,340,011,035). For the…
