ID :
146065
Thu, 10/14/2010 - 09:41
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https://oananews.org//node/146065
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Thailand's SET enjoys best Q3 performance in region
BANGKOK, Oct 14 – The Stock Exchange of Thailand (SET) composite index in the third quarter of this year closed at 975.30 points, up 22.32 per cent from the second quarter, the highest among the region's stock markets, according to Yanyong Thaicharoen, director of the SET Research Institute for Capital Markets.
He said the index has surged by 32.78 per cent since the end of 2009 due to the continued foreign capital inflows into the Thai stock market and other bourses in the region.
The capital influx was a result of the still high liquidity in the global financial market, debt problems facing a group of developed countries, restored investor confidence in the continued recovery of the Thai economy, and the improved political situation in Thailand.
He said the market capitalization of SET and the Market for Alternative Investment (MAI) as of the end of the third quarter surged to Bt7.94 trillion, the highest since SET was established.
It represented 82 per cent of the country’s gross domestic product, the highest since 1996.
The daily trading value of SET and MAI averaged Bt36.14 billion, up 53.82 per cent from the second quarter of this year.
Foreign investors had a net buy of Bt59.99 billion in the third quarter of 2010, resulting in the net buy of Bt41.45 billion in the first nine months of this year. Overall, investors showed greater interest in trading of small- and medium-size securities. (MCOT online news)
He said the index has surged by 32.78 per cent since the end of 2009 due to the continued foreign capital inflows into the Thai stock market and other bourses in the region.
The capital influx was a result of the still high liquidity in the global financial market, debt problems facing a group of developed countries, restored investor confidence in the continued recovery of the Thai economy, and the improved political situation in Thailand.
He said the market capitalization of SET and the Market for Alternative Investment (MAI) as of the end of the third quarter surged to Bt7.94 trillion, the highest since SET was established.
It represented 82 per cent of the country’s gross domestic product, the highest since 1996.
The daily trading value of SET and MAI averaged Bt36.14 billion, up 53.82 per cent from the second quarter of this year.
Foreign investors had a net buy of Bt59.99 billion in the third quarter of 2010, resulting in the net buy of Bt41.45 billion in the first nine months of this year. Overall, investors showed greater interest in trading of small- and medium-size securities. (MCOT online news)
