Foreigners continue unloading Thai shares
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Foreign stock investors sold Thai shares for Bt3.06 billion net today, though the stock index gained on buying from local investors.
Today's foreign net-sell today boosted the month-to-date net-sell figures to Bt14 billion.
The Stock Exchange of Thailand index lost 1.13 per cent on May 20, when the Army declared martial law. Today, the SET index gained 0.59 per cent to end the day at 1,402.92 points.
Foreign investors have been net-sellers of Thai shares in the past two days. In two days, they sold Bt11.3 billion net, on concern with the martial law. The Thai baht has also been in a swing.
Thanachart Securities said in a research note that local investors are positive on the domestic political condition, as resolutions are expected from a series of meetings.
DBS Vickers Securities (Thailand) noted that local investors held the belief that the political crisis is near an end, though the next election date may be delayed from July 20 or if there will be more than one election.
