Investor Movement – Nov ’15
Well the story remains the same foreign investors continued to sell the market in November, albeit at a much slower pace, my fear of the prop desks selling their THB 10 bn of purchased shares have come true as well, so what’s left? Well we shall see how much strength retail investors continue to have and whether or not the LTF/RMF investments schemes will result in local institutions continue buying this month.
Don
I keep expecting to see some more weakness in the THB, due to leakage back into the USD , based on the upcoming rate hike. But it is not happening.
Pon
1. If fed decides to hike rates quickly then yes the THB will weaken,
2. If as expected- then potentially priced in or some ST weakness in the THB, although historically USD weakens post the first rate hike…