Thailand’s volatile political situation may compel foreign investors to shift their investments to other countries, the president of the Stock Exchange of Thailand (SET) warned today.

Charamporn Jotikasthira said it is impossible to project daily trading volume on the Thai bourse for next year in light of the current political disorder and protests.

Thailand made a record among Southeast Asian countries this year with the highest daily trading volume at Bt51 billion but the next assessment will have to wait until February next year, he said.

“We have yet to see if the general elections will be held on February 2 as announced. Thailand should end the political conflicts as soon as possible, or it will lose investment opportunities,” he said.

He said economies of most developed and neighbouring countries have strengthened and investors will possibly relocate their investments elsewhere if political conflicts in Thailand continue. Mr Charamporn said SET has projected an injection of Bt210 billion from newly-listed companies into the Thai bourse after making a record high in a decade at Bt346 billion this year.

Daily trading in the futures market will be increased to 75,000 units  – an increase from this year’s 67,862 units while 80,000 new investors will be included, he said.

Investment value will be increased from this year’s Bt152 billion to Bt180 billion, he said, adding that many companies are interested in investing in the Thai stock market, pending a normal political situation and favourable investment climate.

Sathit Limpongpan, SET chairman, said next year’s gross domestic product will grow 4 per cent under various conditions including general elections, budget disbursement as targeted, 6 per cent export growth and strengthened domestic consumption.

As with the tourism sector, the political situation has not impacted the Thai bourse, he said. (MCOT online news)

via Political uncertainty driving away foreign investors | |

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Reducing ASEAN’s food import dependency

While ASEAN’s staple food is rice, there has been increased demand for wheat, soybean and maize over the past decade — an increase that ASEAN production cannot meet.

Thailand to tax Stock market trades ending a 30 years waiver

The tax is expected to contribute to the Thai government’s budget revenue by about 8 billion THB (230 million USD) in the first year