Pandemic leads to exodus of B95bn from Thai bourse
More than 95 billion baht in capital flowed out of the Thai stock market in the first seven months of the year, partly because of the worsening pandemic, sputtering attempts to revive foreign tourism, and possibly a second year of economic contraction.
The pandemic situation in Thailand has rapidly worsened, with daily new infections exceeding 20,000 cases yesterday.
Amid uncertainty during the pandemic, the SET Index in July dropped by 4.1% from the preceding month. The worsening pandemic has undermined plans to reopen to vaccinated tourists and led to an exodus of funds from the Thai bourse this year, said Pakorn Peetathawatchai, president of the Stock Exchange of Thailand (SET).
Bangkok Post Reporter
