Playing the waiting game

Shares of many listed companies dipped following the May 14 elections, in which the Move Forward Party won the majority of seats in the lower house. Pattarapong Chatpattarasill

Before May 14, many investors and analysts were hopeful that the general election could reverse the "sell in May" phenomenon, which refers to the Thai bourse traditionally underperforming during the hot, dry months.

Statistics indicate the Stock Exchange of Thailand (SET) index usually rises 1.1% a week before a national election and 5.3% a week after, following a so-called election rally.