BBL Asset Management Company Limited (Bualuang Asset Management)Private± Mixed
relevance
Bualuang Securities disclosed that foreign investors continued to heavily sell stocks in North Asian markets. Taiwan recorded net sales of 8.76 billion US dollars last week, marking the third-largest weekly net selling value since 2000. Meanwhile, South Korea saw selling pressure ease to 457 million US dollars. In contrast, investment flows into ASEAN stock markets in the TIP group continued for a third consecutive week. Thailand posted net inflows of 408 million US dollars, Indonesia 25 million US dollars, and the Philippines 14 million US dollars. Bualuang estimates the SET Index range over the next two weeks at 1,590 to 1,680 points and recommends a sector rotation strategy from banking to energy and petrochemicals.