The stock market in the U.S. is being affected by various factors, including the trade wars the country is getting itself into. Investors looking for their next big buy should try to avoid investing heavily on U.S.-based stocks for now. If they want to see high returns, then they should try to expand their portfolio with stocks in Thailand’s progressively improving stock market.
According to Markets Insider, the Thai stock market is currently on a roll after inching higher in two straight sessions. In total, the market has received a 0.4 percent increase, equivalent to seven points, in the past measurement periods. Now, the Exchange of Thailand has stabilized at levels below 1,645, and it is expected to grow even further in the following weeks.
The Stock Exchange of Thailand (SET) index picked up 2.59 points for a 0.16 percent increase last Sunday, reaching 1,643.52. During that day, SET was trading between 1,639.49 and 1,649.66, with the volumes ranging from 10.420 billion shares worth 37.635 billion baht. In total, 668 stocks have increased, 470 have dropped, and 518 stocks were stable at their position.
The gainers last Sunday were Thailand Airport (0.39 percent), Siam Commercial Bank (0.40 percent), Krung Thai Bank (0.57 percent), Bangkok Medical (0.97 percent) and PTT Exploration and Production (1.12 percent). The biggest gainer was Charoen Pokphand Foods with 2.94 percent. Moving towards the negative side are Banpu at 1.93 percent, Beauty Community at 1.85 percent, Kasikornbank at 0.26 percent, and PTT Global Chemical by 1.61 percent.
Amidst the decent positive movement in the SET, investors are apparently pulling out funds from various stocks, says Bloomberg. Just last week, more than $6 billion was pulled off by foreign investors in Thai stocks, but SET President Pakorn Peetathawatchai said that it should not be a worry.
Peetathawatchai said last Thursday at the Asian Business Summit that the sound economic fundamentals and corporate-earnings growth of Thailand will allow it to attract domestic investors. The incoming investments will be enough to make up for the massive foreign withdrawal.
Although the Thai stock market is showing positive movement once again, investors shouldn’t forget the fact that it experienced a dip last week. Experts claimed then that losses might continue to pour, but the good thing is that it has since recovered. As with most Asian markets, the SET is affected by the trade war concerns and the slipping price of crude oil.
The win streak the Thai stock market is going through could prove to be quite the opportunity for investors. However, they should still be cautious with adding new stocks to their portfolios as Thailand’s win streak could come to an abrupt end anytime soon, considering how it already suffered losses last week. The key factor that would affect the SET is the trade war between various countries, so investors should keep an eye on that as well.
How to use your kindness in the office to your advantage
Legendary American singer Aretha Franklin dies at 76
3 biggest myths about how to write a good business plan
Buying your next car? This legal advice will guide you
6 universal story themes that will connect you with your customers
‘Phenomenal’ PotNetwork a ‘Strong Speculative Buy’ according to Harbinger Research
PepsiCo CEO Indra Nooyi to step down this October
How to invest in Bitcoin with your IRA
Multibillion-dollar mixed-use tourist center opens in Montenegro
5 ways you can save money by house sitting
Strengthening the cooperation among countries to generate inclusive growth
H&R Block and IBM Watson are revolutionizing tax preparation
IMF message: Interconnectedness needs to be preserved
Can we use smartphones while driving 100% safely?
Innovative electricity tech from ABB provides better life
Featured4 days ago
Investors seek help from academics to better understand sustainable investments
Business4 days ago
How technology is disrupting the metal fabrication industry
Crypto3 days ago
Survive the collapse of altcoins with these crypto investing tips
Economy5 days ago
US immigration in steep decline, could ignite recession
Commodities4 days ago
India may fall short of ambitious solar power capacity target by 2022: Ciril
Business5 days ago
Weather-related flight delay? Here’s what you need to know
Featured5 days ago
What do you need to start investing online?
Featured4 days ago
Jim Cramer believes US stocks stood their ground this year—here’s why