Thai equities attract foreigners in July

Foreign investors continued to pour money into Thai equities throughout July, with net inflows exceeding 11 billion baht as the Thai stock market became more attractive due to a weaker dollar and hopes of a favourable outcome from US-Thai trade negotiations, say analysts.

- NUNTAWUN POLKUAMDEE

Koraphat Vorachet, assistant managing director and head of research at Krungsri Securities (KSS), said foreign fund flows into Asian stock markets remain positive, with clear buying signals seen in South Korea, the Philippines and Thailand.

This trend reflects bullish investor sentiment and KSS expects continued net foreign buying across the region for the rest of this month, he said.

According to data from SET Smart, foreign investors were net buyers on 11 out of 12 trading days through July 23, bringing total net inflows to more than 11 billion baht for the month. However, on a year-to-date basis foreign investors recorded net outflows of 67.5 billion baht, while Thai retail investors remained net buyers with more than 93 billion baht.