Thai Stocks Enter Downswing as Foreign Investors Sell Off

MGR Online•Economy•1d ago

Reader Briefing

The Thai stock market is showing signs of a short-term downward trend as foreign, institutional, and broker investors engage in sell-offs.

•The stock index dropped to 1,594 points before closing at 1,601.05 points on Monday.
•Foreign investors sold 3,680 million baht worth of stocks on Monday.
•The index has remained stagnant around 1,600 points for the past three weeks.
•Delta Electronics (Thailand) Public Company Limited has experienced a decline in value.

•The stock index fell as deep as 1,594 points on Monday but closed at 1,601.05 points, a decrease of 12.73 points.
•Large-cap stocks have reached a saturation point with fragile fundamentals, specifically impacting Delta Electronics (Thailand) Public Company Limited.
•Foreign investors sold 3,680 million baht worth of shares on Monday.
•Institutional investors, broker ports, and foreign investors collectively sold shares despite a decline in global crude oil prices.
•The stock index has fluctuated around 1,600 points for three weeks due to a lack of new positive catalysts.
•Retail investors who rush to buy shares during this correction may face heavy losses if the market enters a full downswing.
•The major upward trend may have ended after July.

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Sunan Srichantra(สุนันท์ ศรีจันทรา)

The author of the stock market analysis.

Delta Electronics (Thailand) Public Company Limited(บริษัท เดลต้า อิเล็กทรอนิกส์ (ประเทศไทย) จำกัด (มหาชน))

A large-cap company whose declining stock price put pressure on the market.

DELTA

The abbreviated name of Delta Electronics (Thailand) Public Company Limited.