BoT: Foreign funds didn't sink SET
Foreign fund inflows had nothing to do with the plunge in the Thai stock exchange, Bank of Thailand governor Prasarn Trairatvorakul said on Friday afternoon.
- Published: 22/03/2013 at 04:10 PM
- Newspaper section: breakingnews
Prasarn: Foreign funds not related to ongoing dive in the stock market. (Bangkok Post file photo)
Foreign investors took a net buying position on Friday morning and remained net buyers for the day of about 75 million baht. Those making net sales were Thai investors, Mr Prasarn said.
He said statistics showed that over the past two months, most foreign investment had flowed into the bond market, not the stock market.
The SET index on Thursday closed at 1,529.52 points, down 14.15 points, or 0.92%, in trade worth 61.85 billion baht.
At 10am Friday, the SET opened down 12.30 points, or 0.80% on Thursday's close, to stand at 1,517.22 points at the start of trading. The trade value was 2.62 billion baht.
The SET index closed midday at 1,468.94 points, down 60.58 points, or 3.96%, in trade worth 52.87 billion baht.
At 4.05pm, the SET index stood at 1,482.02 points, down 47.50 points, or 3.11%, with heavy trade valued at 87.60 billion baht.
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