Foreigners tally net buying on the SET last month

July marked the first month of foreign net buying on the Stock Exchange of Thailand (SET) since September 2024, supported by compelling valuations and baht appreciation, a factor that typically attracts foreign fund inflows.

- NUNTAWUN POLKUAMDEE

Soraphol Tulayasathien, senior executive vice-president of the SET, said the weakening dollar index last month drove renewed emerging market inflows across Asian equity markets as foreign funds rebalanced their portfolios.

The Thai bourse benefited from compelling valuations and baht appreciation, he said.

The SET index maintained its strong upward trajectory with foreign net buying recorded on 14 of 21 trading days in July, marking the first month of foreign net buying since September 2024, with aggregate net buying of 16.1 billion baht (US$493 million).