Foreigners Continue to Seek Safe Haven, Leaving Thai Stock Market with a ฿2Bn Fund Flow
The total value of buying and selling separated by the investor's type as of September 3, 2020.
– SET Index closed at 1,311.95 points, decreased 3.93 points or 0.30% with a trading value of 50.3 billion baht. The analyst stated that the Thai stock market closed lower due to domestic factor over not being able to find a new Minister of Finance, while the new measures introduced by the government did not reflect on listed companies much.
Moreover, the crude futures turned negative, which caused a plummet in the energy sector, especially DELTA that faced a profit-taking from investors.
Thailand also has a four-day holiday, which could be the reason for a profit-taking before a long holiday.
The analyst expected internal factors to fluctuate the Thai stock market next week between 1,300-1,340 points.
– Foreign Investors continued the selloff with a 2,007 million baht net sell, plunging SET Index by 4 points.