Bualuang says foreign investors short-sold Thai stocks by 26 billion baht, recommends buying Tier 2 stocks

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Bualuang Securities reported that net selling by foreign investors in Thai stocks in September stood at 26 billion baht, mostly from accumulated short positions in DELTA, ADVANC, and GULF, which together were worth 26 billion baht, close to the cumulative net selling of Thai stocks by foreign investors for the whole month at 26 billion baht. Bualuang Securities views that net trading through program trading and HFT does not signal that foreign investors are accelerating their selling of Thai stocks and rushing to move money out. As for the recovery of Thai stocks, it is expected to be divided into two tiers, with the group severely affected by flooding likely to recover more slowly, while the group not directly affected but at risk of monitoring in the eastern, central, northern, and Bangkok zones, if they make it through the rainy season and flooding without being inundated, share prices are expected to stabilize and continue trading. Bualuang Securities recommends that investors choose to accumulate stocks in the second group first.

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