Thailand: Index hits new high as investors show more confidence
The Thai stock index has made a 23-year high to 1,700 points due to investors' increasing confidence in the Thai politics and the expanding economy.
Illustrative photo (Source: www.bangkokpost.com)Bangkok (NNT/VNA) - The Stock Exchange of Thailand (SET) has
reported that the Thai stock index has made a 23-year high to 1,700
points due to investors' increasing confidence in the Thai politics and
the expanding economy.
SET executive Ketsara Manchusri said the stock index rose to 1,700 points after the prime minister announced that a general election will be held at the end of 2018. Other positive factors include the growing economy, particularly growth in the export sector and government investment.
The Thai stock markets next year will maintain a tendency to increase following economic expansion and growth in the Eastern Economic Corridor, said Ms.Ketsara. This growth will lead to an increase in the number of listed companies on the stock market.
Meanwhile, President of the Thai Bond Market Association Phisit Li-atham warned investors of a market correction after the stock index made the new high.
He suggested they monitor changes in financial policies in other countries, especially the US, and the impact of fintech.-VNA
SET executive Ketsara Manchusri said the stock index rose to 1,700 points after the prime minister announced that a general election will be held at the end of 2018. Other positive factors include the growing economy, particularly growth in the export sector and government investment.
The Thai stock markets next year will maintain a tendency to increase following economic expansion and growth in the Eastern Economic Corridor, said Ms.Ketsara. This growth will lead to an increase in the number of listed companies on the stock market.
Meanwhile, President of the Thai Bond Market Association Phisit Li-atham warned investors of a market correction after the stock index made the new high.
He suggested they monitor changes in financial policies in other countries, especially the US, and the impact of fintech.-VNA
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