ASEAN KEY DESTINATIONS
Thailand's SET enjoys Best 3rd quarter
He said the index has surged by 32.78 per cent since the end of 2009 due to the continued foreign capital inflows into the Thai stock market and other bourses in the region.
The capital influx was a result of the still high liquidity in the global financial market, debt problems facing a group of developed countries, restored investor confidence in the continued recovery of the Thai economy, and the improved political situation in Thailand.
He said the market capitalisation of SET and the Market for Alternative Investment (MAI) as of the end of the third quarter surged to Bt7.94 trillion (RM821.497 billion), the highest since SET was established. (RM1=Bt9.66)
It represented 82 per cent of the country's gross domestic product, the highest since 1996.
The daily trading value of SET and MAI averaged Bt36.14 billion (RM3.74 billion), up 53.82 per cent from the second quarter of this year.
Foreign investors had a net buy of Bt59.99 billion (RM6.205 billion) in the third quarter of 2010, resulting in the net buy of Bt41.45 billion (RM4,289) in the first nine months of this year. Overall, investors showed greater interest in trading of small- and medium-size securities.
Comment on this Article. Send them to firstname.lastname@example.org
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
submit your comment in the box below