Friday, September 20, 2019

Foreign investment to be downsized: expert

Aug 24. 2019
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By THE NATION

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The MSCI Emerging Market Index will downsize investment in Thailand’s stock market from 3.08 per cent to 3.01 per cent effective August 27, Capital Nomura Securities’ director of research and investment Koraphat Vorachet said on Friday.

He added that this will affect foreign investors who will withdraw their investment in Thailand’s stock market worth about Bt4.4 billion or Bt5 billion on that date., 

Meanwhile, the MSCI Emerging Market has upped investment in China A-Share, and the stock market in Saudi Arabia, he said.

Following on from the downsizing, Capital Nomura Securities Plc has revised downwards the Stock Exchange of Thailand (SET) Index at the end of this year from 1,780 to 1,820 to between 1,750-1,800, he said.

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