FRIDAY, March 29, 2024
nationthailand

SET market margin in first 4 months Bt14 trillion, down 16.4%

SET market margin in first 4 months Bt14 trillion, down 16.4%

The Stock Exchange of Thailand’s (SET) market margin in the first four months was Bt14 trillion, down Bt2.75 trillion, or 16.42 per cent, compared to Bt16.75 trillion at the end of 2019.

Officials at SET said that on April 30 the index closed at 1,301.6, down 17.6 per cent from the end of 2019 but up 15.6 per cent from the end of the previous month.
“In April alone, foreign investors made a net sell of up to Bt46.9 billion in stocks, causing the total net sell in the first four months to increase to Bt162 billion. Thai investors made net buy in stocks totalling Bt115 billion,” the officials revealed.
Meanwhile, Asia Plus Securities senior vice president Therdsak Thaveeteeratham said that since the beginning of this year, investors have made a net sell of up to $42 billion in regional stocks.
“Foreign investors made a net sell of Thai stocks totalling Bt162 billion in January to April 2020; in 2018 and 2019 it was Bt287 billion and Bt452 billion, respectively,” he said. “Meanwhile, foreign investors made a net sell in the bond market totalling Bt119 billion in January to April 2020; in 2018 and 2019 it was Bt286 billion and Bt159 billion, respectively.”
Therdsak expects foreign investors to continue to sell their shares as the Covid-19 situation is yet to normalise.
“In addition, foreign investors tend to sell Thai stocks in May, which may be worth up to Bt16.5 billion because 83 per cent of Thai companies have already paid dividends, while institutional investors began to stop buying shares since the end of April this year,” he said.
“Moreover, the total sales of super savings funds were only Bt950 million as investors have had to maintain financial liquidity to deal with the Covid-19 impact,” Therdsak added.

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