Thai stock market rebounds with net inflows as investors absorb negative US news

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Image courtesy of Bangkok Post

 

The Thai stock market has begun experiencing net inflows this week after significant capital outflows during the first four months of the year, according to the Stock Exchange of Thailand (SET). Investors have seemingly absorbed negative news regarding the US banking crisis and the possibility of a recession.

 

Soraphol Tulayasathien, a senior executive vice president, expressed hope that May would be a turning point for the bourse, as the index declined 5% in April and 8.4% year-to-date. He attributed the decrease primarily to the number of holidays and noted similar trends in other ASEAN bourses.

 

In April, the average daily trading value of the SET and Market for Alternative Investment fell 43.1% compared to the same period in 2022, reaching 46.8 billion baht. For the third consecutive month, foreign investors were net sellers, with 7.9 billion baht after a four-month net buying streak. Nonetheless, their trading ratio remained higher than other types of investors for 12 consecutive months.

 

Full Story: https://thethaiger.com/news/business/thai-stock-market-rebounds-with-net-inflows-as-investors-absorb-negative-us-news

 

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