Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Thailand News  >> Capital Markets  >>   Thai bourse recommends investors closely monitor commodity prices due to global price fluctuations

NEWS UPDATES Asean Affairs   17 April 2013  

Thai bourse recommends investors closely monitor commodity prices due to global price fluctuations

Bangkok, April 16, 2013 - The Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand group (SET), recommends that investors closely monitor global commodity prices, ensure sufficient margins, and adjust their investment portfolios, especially those investing in gold, silver, or oil futures due to global price fluctuations. TFEX will facilitate the portfolio adjustment by temporary allowing the minimum trading of 1(one) contract for block trade of gold futures during 17-19 April.

TFEX Managing Director Kesara Manchusree said global commodity prices, including those of gold, silver, and crude oil, have been volatile and decreased significantly during the recent Songkran public holiday. On April 17 when TFEX markets re-open, prices of TFEX futures of the related underlying products could drop in the same direction as global derivatives markets of commodity products earlier  this week., e.g., on April 15, the COMEX gold futures price was down by over USD140 per troy ounce, or 9.4 percent, its biggest intra-day drop in 30 years. Meanwhile, prices of other commodity products also fluctuated and decreased.

TFEX gold futures had its daily settlement price at THB 21,370 per one baht gold on Friday April 12, where gold price in London’s LBMA (AM) was at USD 1,548 per one troy ounce, and price in New York’s COMEX (April delivery) closed at USD 1,501 per one troy ounce on Friday. Later on Monday April 15, both LBMA and COMEX markets dropped and closed at USD 1,416 and USD 1,360.60 per one troy ounce respectively, while TFEX and Thai Gold Traders Association were closed.

“Due to consistent drop of global commodities prices during long holidays, we may notice that prices of gold, silver, and oil futures have significantly changed over the long weekend, and this may effect investors with net buy position. Thus, investors should closely monitor changing commodity prices, including these three products, ensure sufficient margins and adapt their investment portfolios to match the price volatility of each commodity type” Kesara added.

If prices of TFEX futures including gold, silver, and crude oil  change up or down by 10% from the latest settlement price of last Friday, TFEX will halt trading for 30 minutes, helping investors to thoroughly consider all related information, monitor the changing prices of each commodity, and review their trading strategies. In addition, the daily price limit will be expanded to no more than +/- 20% of the latest settlement price.

To help investors easily adapt their investment portfolio, TFEX will adjust the trading practice of block trade of gold futures, by temporary allowing the minimum trading of 1 (one) contract, down from 100 contracts during 17-19 April, for both the morning and afternoon trading sessions.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories    17 April 2013   Subsribe Now !
• The Meeting of the Secretaries-General of ASEAN-Korea Centre, ASEAN-Japan Centre and ASEAN-China Centre Subcribe: Asean Affairs Global Magazine
• ASEAN – China Partnership in Traditional Medicine and Health Asean Affairs Premium
• Third Quarter Financial Year 2013 - Singapore Exchange Reports $98Million
• Bali to host international seaweed symposium
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Shahril takes over as EPF’s new CEO
• Thai team at the ICJ confident
• Push for amnesty bill may bring chaos: critic
• Brunei-Muara keeps property prices amid shift in rates
• Vietnam, Japan boost defence cooperation
• Thai bourse recommends investors closely monitor commodity prices due to global price fluctuations
• DPM AND MINISTER FOR FINANCE THARMAN SHANMUGARATNAM IN U.S. FOR INTERNATIONAL MONETARY AND FINANCIAL COMMITTEE MEETINGS
• SPEECH BY MR NG NAM SIN, ASSISTANT MANAGING DIRECTOR, MONETARY AUTHORITY OF SINGAPORE, AT ASIA INSURANCE & REINSURANCE CONFERENCE , 17 APRIL 2013, 9:15 AM AT THE RITZ CARLTON, MILLENIA SINGAPORE
• New Feature-rich DesignSpark PCB Version 5.0 from RS Components Delivers Time Saving and Error Reduction Benefits to Design Engineers
• The Philippines to Display its Beauty through Dance and Music
• More ASEAN-Emergency Rapid Assessment Team (ASEAN-ERAT) Members Trained
Asean Analysis             25 March 2013   Advertise Your Brand
• Asean Analysis- March 25, 2013  
• Asean Weekly- March  22, 2013 Sponsor Our Events
Asean Stock Watch      17 April 2013 
• Asean Stock Watch- April 17, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com