The Thai stock market's slide could be extended and the benchmark index could fall below the psychological 1,300-point level, given that there is no end in sight for foreign investors' exodus, say analysts.
"Foreign investors' selling spree won't dwindle any time soon. Their sell-off has been seen in all asset classes. They don't care about fundamentals now," said Pichai Lertsupongkit, a senior vice-president of Thanachart Securities.
Offshore investors have sold a net 44.9 billion baht worth of Thai shares this month through Friday and 66 billion year-to-date.
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