Markets
Thai SET index drops under 1.500
Thai stocks plunged 6.6 per cent since May 23 and fell below the psychological barrier of 1,500 points at midday today.
Thai stocks plunged 6.6 per cent since May 23 and fell below the psychological barrier of 1,500 points at midday today.
The Securities Exchange of Thailand (SET) index dropped 24.70 points or 1.62 per cent to close at 1,497.96 points at the end of morning session in light of a sharp Dow Jones’ fall by over 200 points last night and investor concern with the possible US Federal Reserve reduction of its bond purchases.
Thai stocks plunged 6.6 per cent since May 23 and fell below the psychological barrier of 1,500 points at midday today.
Most Asian stock markets were on the decline today.
Another factor was the continuous sales by foreign investors since June 1. Net sales by foreign investors were Bt12.62 billion during June 1-5 and Bt33.712 billion since early this year.
In an urgent news conference this morning, SET president Charamporn Jotikasthira said the Thai bourse dropped in tandem with global stock markets which felt the impact of capital movement and outflows.
The Thai stock has fallen 6.6 per cent since May 23 but it was worse in the Japanese stock exchange which suffered a 16 per cent plunge, he said.
He gave assurances that the fundamentals of the Thai stock market and listed companies remain solid with good returns, and that capital will definitely return. (MCOT online news)
via Investors pacified as Thai bourse drops sharply | MCOT.net | MCOT.net.
Markets
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
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Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
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