ASEAN KEY DESTINATIONS
SET News 1/2013
Jan 2, 2013
Thailand's SET Index closes at 1,407 points due to agreement preventing fiscal cliff
BANGKOK, January 2, 2013 - The Stock Exchange of Thailand's (SET) main stock index (SET Index) closed up 15.52 points, or 1.11 percent, at 1,407.45 points today, a new high in the past 16 years and eleven months, or since February 7, 1996. The increase is in the same range as that of global main indices, which rose 1-3 percent.
SET President Charamporn Jotikasthira said the rise of the SET Index was supported by today’s positive news that the U.S. Senate and House of Representatives had approved a deal to prevent the country from falling off a so-called fiscal cliff and into recession. In addition, the China manufacturing index indicates a global recovery.
SET Index has increased 37 percent from the beginning of 2012, with a price/earnings ratio of 18.25 times. Therefore, investors should continue to closely monitor the situation and evaluate analyses from various parties for trends and factors to consider before investing.
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