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.