November Historical Performance

A little exercise we like to perform is to see how the market has performed historically and to note if there are any trends. Especially given the fact that since the bottom in October when the market was 850, the rally was primarily driven by foreign investors and we wanted to see if there was any correlation between the month of November, foreign fund flows and the market performance

Conclusions: Since 1995 there aren’t strong correlations between foreign fund flow and the SET Index performance, although since 2006 one could potentially make the case that foreign investors are likely to sell sometime during the month of November and that it would have an impact on the SET. Lets see what happens this month.

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