Foreign Investors Flee from Thai Stock Market with ฿4.6Bn amid High Trading P/E
The total value of buying and selling separated by the investor's type as of May 5, 2020.
– SET Index closed at 1,278.63 points, decreased 23.03 points or 1.77% with a trading value of 51.3 billion baht. The analyst stated that the decline in today’s session was mainly due to the current trading in the Thai stock market was at 17.6x of P/E ratio, which was quite high, coupled with concerns over the new trade dispute between the U.S. and China. Moreover, other stock markets already received the negative factor during Thailand’s holiday.
The analyst expected the session on Thursday to swing sideways, while the energy sector should be able to support the market, giving a support level at 1,265 points and a resistance level at 1,300 points.
– Foreign Investors poured 4.6 billion baht worth of Thai shares back to the market, causing SET Index to close 23pts lower.
– Fitch downgraded MINT’s debenture, dragging BBL down as a guarantor while NH earnings expected to report lower due to
