Foreign holding in Thai shares hits 37%

Foreign holding in the Thai stock market hit Bt3.6 trillion at the end of September or 36.76 per cent of total market value, the highest since 2010.

Data from the Stock Exchange of Thailand's SET Note showed that the Thai market continued to attract foreign investment in the first nine months of this year. Their net-buys, the net purchases against sale, totalled Bt65.77 billion. In 2011, they were net-sellers, with the net-sell position of Bt5.29 billion.

"The higher foreign holding was attributable to the 60.90 per cent increase in SET index from 2010 and the 40.23 per cent increase in the number of shares," it said. "This raised the value of their holding by 91.71 per cent."

Of total foreign holding, 50 per cent or Bt1.79 trillion belonged to European investors. By nation, investors from the UK held the highest value of shares worth Bt1.32 trillion or 36.73 trillion, followed by those in Singapore, the US, the Netherlands, Hong Kong, Mauritius, France, Switzerland, Australia and Luxembourg.

Investment from other Asean nations were valued at Bt787.4 billion, or 8.03 per cent of total market capitalisation. Of that, Singapore controlled Bt731.96 billion.

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Article source: http://www.thethailandlinks.com/2012/11/08/foreign-holding-in-thai-shares-hits-37/