After hitting a six-month high of US$1.6 billion in August, foreign capital is expected to continue to flow into the Thai stock market for the rest of 2022 as an economic recovery takes hold, coupled with high foreign reserves and sparse impact from geopolitical conflicts, according to the Stock Exchange of Thailand (SET).
SET president Pakorn Peetathawatchai said yesterday foreign investors were net buyers of Thai shares worth $5.17 billion in the first eight months this year. In August alone, net foreign inflows amounted to 57 billion baht, the highest number since March this year.
Apart from an economic recovery, positive momentum has been driven by strong profit growth among listed companies this year. Many Thai industries fit global trends such as environment, social and governance or food and beverage, Mr Pakorn said, while tourism is on the rebound.
