Foreign sell-off hits Bt13.7bn in January
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Foreign investors this month have sold Thai shares for Bt13.67 billion net, in light of external and internal factors that dampen the Thai bourse's outlook.
Following the net-sell of over Bt3 billion on Thursday, foreign investors sold Thai shares for Bt2.375 billion net on Friday.
Though the composite SET index rose by 10.21 points or 0.81 per cent on Friday, to end the day at 1,274.28 points, the index has shed 2.67 per cent from the end-2013 level. Indicating slight interest was the thin daily turnover, which stayed below Bt25 billion in the past few days.
In this month, foreign investors have sold shares in emerging markets, in anticipation that the US Federal Reserve would further cut the bond-buying programme. The decision to cut the programme by another $10 billion in February, to $65 billion, sparked another round of sell-off.
Meanwhile, prolonged political conflicts in Thailand also dampen the economic outlook. The Bank of Thailand's data showed that in 2013 overall economy slowed down.
