Foreign Investors Sell Off Thai Shares for 27 Days
The Thai stock index fell to 1,300.96 points, a decrease of 8.50 points or 0.65 per cent from Thursday. Transactions reached 54.52 billion baht. Foreign investors sold Thai shares for 27 days straight, totaling 51.63 billion baht since May 21, with the last major sell-off of this scale happening in 1994 before the Asian financial crisis.
The Thai stock index closed at 1,300.96 points on Friday, down 8.50 points or 0.65 per cent from Thursday.
Total transactions amounted to 54.52 billion baht.
Since May 21, foreign investors have sold net 51.63 billion baht in Thai shares, with 34.87 billion baht sold in June alone.
Over the past six months, net foreign sales reached 117.03 billion baht.
An analyst at Asia Plus Securities highlighted that the last time foreign investors sold Thai stocks for 27 consecutive days was in 1994, ahead of the Asian financial crisis.
Other significant sell-offs occurred during the US subprime mortgage crisis, the dot-com bust, US-China trade war, Black May, and the Covid-19 pandemic.