Home » business » Thai shares up on referendum, inflowsStocksThai shares up on referendum, inflowsThe Stock Exchange of Thailand Index ended higher at noon, as the draft charter was passed and portfolio inflows continue. Foreign investors have bought more than Bt80 billion net of Thai shares since the beginning of this year. At noon, the Index rose 17.94 points or 1.18 per cent to 1,536.63 per cent, on turnover of Bt37 billion. According to DBS Vickers Securities (Thailand), money flows into emerging markets have been a major driver for stock gains as well as pushing bond yields down as global investors seek higher returns and allocate some of their funds into riskier assets. In its view, a "No" vote would almost certainly cause the market to retract, as this would increase political uncertainty and raise concerns about fresh delays in the election timetable.

Source: The Nation Bangkok August 08, 2016 06:00 UTC