SET sees foreign investors as waiting

Foreign investors are expected to return to the Thai stock market when they see progress in the government’s economic policies, baht stability, and an improving economy, says the Stock Exchange of Thailand (SET).

The SET index finished at 1,471.43 points at the end of September, down 6% from August and in line with other regional peers. The index has contracted by 11.8% year-to-date. Foreign investors were net sellers for the eighth straight month in September with a net outflow of 22.4 billion baht.

However, the trading ratio of foreigners was the highest among investor types for 17 consecutive months, said Soraphol Tulayasathien, senior executive vice-president of the SET.

The average trading value…