The value of foreign holdings of Thai shares reached a record high of $168.05 billion in August 2023, driven by price increases in some stocks and IPO listings.
Foreign ownership accounted for 30.50% of the total market capitalization, slightly lower than in 2017, but still a significant portion.
Key Takeaways
- Foreign holdings of Thai shares reached a record high of USD 168.05 billion in August 2023, indicating a strong appetite for long-term investments despite net outflows from the Thai stock market.
- The Electronic Components, Energy and Utilities, and Banking sectors were the top three sectors in terms of foreign ownership value, accounting for 52.34 percent of the total.
- The UK, Singapore, and Hong Kong were the top three countries with the highest foreign ownership value in Thai shares, while the US and Japan maintained their positions in the top six.
Despite net outflows from the Thai stock market, long-term investors continue to show interest in Thai shares. The Electronic Components and Banking sectors were among the top sectors attracting foreign investment.
The Technology, Services, and Financials industry groups saw the most foreign ownership, with the Technology sector experiencing the largest increase.
The UK remained the largest foreign investor in Thai shares, followed by Singapore and Hong Kong. Foreign investors also allocated funds to IPO stocks in newly listed companies.
Overall, foreign investors remain interested in Thai shares and are waiting for good investment opportunities.
According to the most recent report, the UK continues to hold the highest amount of shares, valued at USD 53.94 billion (THB 1.88 trillion) or 32.10 percent. Singapore remains in second place, while Hong Kong has taken over third place from Switzerland, which has now fallen to fourth place.
The US and Japan have maintained their positions in fifth and sixth place respectively. The remaining countries in the top 10, which make up 96 percent of total foreign ownership, include the Netherlands, Mauritius, Taiwan, and France.
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