Foreign investors sell 10,475 million baht of Thai stocks after a new wave of COVID pulls GDP Thailand – the world’s most expensive P / E level. “Finansia Syrus Securities” estimates the United States to adjust its monetary policy. Short-term support the flow of outflows. Asia risks SET index downward, see support 1,540-1,530 points as opportunities to accumulate.
On May 5, 2021, Mr. Weerawat Wirojpoka, Director of Securities Analysis Finansia Syrus Securities (SEC) Co., Ltd. revealed the overview of the Thai stock market on May 5, ’64 that the Thai stock index (SET Index) today fell harder than expected, closing the market at 1,549.22 points. 33.91 points or 2.14% drop, with a total turnover of 127,109.24 million baht, in line with the expectation of Sell In May, but the decline is faster than expected. With foreign investors selling about 10,475 million baht, quite a significant Since the value of Thai stocks (Valuation) is quite expensive, this year’s P / E level is almost 20 times higher than the world’s top.
While the new coronavirus Make the Thai economy figures this year from the original 3% growth as expected by the market. May be reduced to 2% or lower, resulting in cash flow outflows. Together with Mrs. Janet Yelen, Secretary of the United States Treasury Discussing the probable opportunity to raise the policy interest rate This is the factor driving foreign money (fund flows) to flow out of Asia. Therefore, the trend of fundflows is somewhat inflated because the dollar is quite strong.
Therefore, the direction of the Thai stock market tomorrow (6 May ’21) for a short time Still, there is a risk that the SET index will fall further, looking at the 1,540-1,530 support, but it is difficult to estimate whether tomorrow will drop to this level at all or not. But is an interesting point that will gradually accumulate And wait for recovery in the second half of the year
Source: ประชาชาติธุรกิจ by www.prachachat.net.
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