Baht Stronger/Bond Yield Decline By Higher Demand Outflow from Stock Market Flew In.
LTF High Demand Could Hold Up SET Stock. 12-10-2018–Yesterday SET down 40 basis points and forriegn invester sold out stock in high ,while Baht remain stronger to 32.72-32.76Baht/US$.
Analysts found Baht stronger because yesterday money from stock market flew into bond market and made huge higher demand over no d market supply caused yesterday bond yield decreased at -12 basis ponts to 3.14% in average. Analysts Houses analysed that even Thailand economic is remain in healthy situation that Thailand is the only country IMF adjusted GDP up, but by overall emerging market facing hugest declinded ever since subprime crisis in 2008, SET’s stock yesterday was also faced a huge sold out effected especially ETF fund selling panic by the situation as Thailand is a member of emerging market country that were all facing down trend hit by US under expectation CPI and China policy announced to decrease its commercial banks BIS ratio, that reflected China’s economic uncertainty. This morinig SET Index made a significant rebound, while baht weaker from 32.72-32.76 Baht/US$ to 32.65 Baht/US$. By the way, in the past December Thai inverters invested in LTF accounted to 46% of the total market investment by the incentive to gain income Tax deduction under governent’s long term saving promotion campaign.This could be a significant factor to maintain SET stock demand in 2018 last quater, while many stock price turn cheaper and many stock remain in good future trend especially EEC and mega projects related stock.
