Pattaya Daily News

04 April 2008 :: 10:04:07 am 3906

SET: Investors Uneasy Over Political Situation

Stock Exchange of Thailand (SET) chairman Pakorn Malakul Na Ayudhaya on Thursday conceded foreign investors continued to sell shares in the Thai bourse since they remained worried about the political situation.
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Bangkok, the 4th of April 2008 [TNA]: Mr. Pakorn said that foreign investors had taken profits with net sales of some Bt15 billion since early this year upon concerns over Thailand’s still unresolved political uncertainties.

The investors are paying much attention to political factors. Consequently, he said, should the political headaches be put to rest, investment sentiment in the stock market and secondary markets would turn bullish.

Mr. Pakorn said he was confident that the many problems facing the country at present would finally ease.
He added that some foreign investors sold stocks to shift funds for investments in the secondary market.

In the first quarter of this year, foreign investors had a net buying of debt instruments of more than Bt20 billion against a net sales of Bt36 billion last year.

It demonstrated that investors had actively moved their funds into the secondary market. “Many analysts believe that the profitability of listed companies has increased with an expected growth of 20 per cent in overall performances this year.

“Also, stock prices in the Thai bourse remain lower than others in the region. These factors will encourage foreign investors to invest in the market,” he said. (TNA)

Reporter : Methawee   Photo : Internet   Category : Business News

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