Thai bourse gained 4.2 per cent in January 

business February 09, 2018 01:00

By The Nation

The Stock Exchange of Thailand (SET) Index advanced 4.2 per cent at the end of January to 1,826.86 points, from the end of last year. 



Combined market capitalisation of SET and the Market for Alternative Investment (mai) at the end of January rose to Bt18.7 trillion ($ 584.4 billion) and the average daily trading value of both stock markets in January soared by 35 per cent year-on-year to Bt78.8 billion. 

On January 24, SET Index closed at 1,838.96 points, an all-time high, since its inception in 1975.

 SET Senior Executive Vice President Pakorn Peetathawatchai said that SET Index, tracking other Asian stock markets' gain, continued its record-setting streak in January. External factors including rising oil price and the brighter US economic outlook were the major contributors to the Thai stock market rally, while the improving local economy, driven largely by exports and tourism, also bolstered market sentiment.

 However, for this year, investors should keep an eye on China's economic stability, the US rate hike, and geopolitical risk.

In January, foreign investors sold a net Bt5.47 billion in Thai shares, bucking the regional and Thai bond market trends.

 

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