ASEAN KEY DESTINATIONS
Thai bourse to add extra hour
The extension to 5.5 hours matches trends in other global markets.
Pakorn Peetathawatchai, the SET's chief marketing officer, said the move could increase trading volume by wholesale investors by 5-10 percent.
The SET last adjusted its trading time in 2000.
Only two Asian exchanges have shorter trading times than Thailand's 4 1/2 hours: Ho Chi Minh City with only two trading hours and the Philippines with 2 1/2 hours.
Bursa Malaysia trades for 5 1/2 hours and the Indonesia Stock Exchange for five hours. The Singapore Stock Exchange is open for 6 1/2 hours now but will extend to eight during this quarter. The Tokyo Stock Exchange will move to 5 1/2 hours next year from five at present.
''It's a global trend. Hong Kong just extended its trading hours by shortening its lunch break, resulting in an 8 percent increase in trading volume, just from an additional half hour,'' said Dr Pakorn.
The plan is awaiting a response from the Association of Securities Companies. It will then be submitted for approval by the SET's board next month for implementation in the fourth quarter.
Dr. Pakorn said wholesale investors, especially program traders, would likely benefit most from the extra hour, while retail investors and brokers would enjoy higher market liquidity.
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