With Thai Bond yields and the Baht strengthening to 3.19% and 32.13 this morning, we had a quick look @ how much has been bought in the past 3 weeks. Basically we’ve seen (see charts below) foreign investors buy up some THB 15 bn in the past 3 weeks and in the same period the market has risen from 1,460 to its current 1,520 (+4%).

But it goes without saying that it has mainly been local institutions that have kept the market high with their constant buying. If interest rates in Thailand don’t increase substantially in the near future, we won’t be surprised to see them constantly buying b/c of the LTF scheme and individuals/corporations shifting their funds away from fixed-income products to equity products.

Source: SETSMART

Source: BisNews