Laggard Thai stocks see investors moving away

Reviving confidence: A Thai man in front of an electronic screen displaying share prices at a securities house in Bangkok. Thailand’s bourse has launched a series of new initiatives, including reforms, to prevent any market abuses and improve efficiency. — AFP

BANGKOK: For years, Thai equities stood tall as one of South-East Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

The nation is set to lose its longstanding No. 2 spot in market capitalisation to rivals Singapore and Malaysia, according to data compiled by Bloomberg.