Analysts were optimistic the market's run-up could continue on political developments and a potential end to institutional investors' sell-off. The baht gained against the greenback to below 32, also bolstering sentiment.
The SET index, the best performer in
Foreign and institutional investors as well as brokers were net buyers of 3.68 billion, 2.61 billion and
"Foreign investors trade back and forth in Thai shares, while institutional investors, probably target return funds, accumulated stocks before the long holiday," said Chai Chirasevenuenpraphund, head of research at
CNS forecast the SET might test 1,590 points if foreign fund flows are persistent.
Kriengkrai Tumnutud, head strategist at
"Foreign investors bought shares worth
After the main gauge hit 1,526 points, buying signs emerged and investors should increase equities in their portfolios, said Mr Kriengkrai, but he was wary over whether foreign fund inflows would continue.
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