Foreign funds continue to flow into Thai large-cap stocks, pushing the SET Index past 1,700 points, the highest level in two years since the Covid outbreak started at the beginning of 2020.
The Thai bourse recorded a total of 43.7 billion baht in capital inflows as of Feb 9, the highest in the region year-to-date.
According to Asia Plus Securities’ (ASPS) research, foreign funds will continue to enter the Thai stock market throughout this year.
Analysts at ASPS said foreign investors will increase their holdings of Thai stocks because the current foreign holding of 21% is still low compared with 29% in the past.
According to the research, the MSCI Index may also increase its weight in Thai stocks in 2022. The downside in selling is also quite limited.
In addition, there are many value stocks in the Thai market in demand now, according to ASPS.
Roughly two-thirds…
