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Tuesday, May 7, 2024

SET foresees market recovery with return of foreign investment

The Stock Exchange of Thailand (SET) anticipates a recovery in return on investment this year, mirroring trends in regional markets due to an influx of foreign capital since 2023’s final quarter.

Last year, foreign investors sold off Thai stocks amounting to US$5.51 billion, contrasting with 2022’s net purchase of US$5.96 billion. Nevertheless, foreign long-term investors held steady, owning around 30% of the total outstanding market value, in line with the previous year.

SET President Pakorn Peetathawatchai shared that last year’s foreign trading figures were predominantly short-term investments.

“However, we anticipate a return of foreign investors to the Thai stock market as economic recovery signs emerge.”

Pakorn further noted the ongoing return of foreign investors to the Thai market since the fourth quarter of 2023, a trend expected to continue this year with the…

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