Connect with us

SET Stock Exchange of Thailand skyrockets in response to reconciliation roadmap

Published

on

thai bourse stock exchange set

The Stock Exchange of Thailand SET index soared 34 points at this morning’s closing in response to a hopeful political sentiment upon the Prime Minister’s introduction of the reconciliation roadmap.

The index in the Thai stock market leaped into the positive territory immediately at the opening this morning as investors hoped that Prime Minister Abhisit Vejjajiva’s announcement of the national reconciliation roadmap would help resolve the current political impasse. During his televised address yesterday, the Prime Minister extended an offer for a fresh election to be held on 14 November 2010 with a condition that the roadmap must be enacted by all sides.

This morning, the SET index fell to the lowest of 786.04 points and rebounded to the highest of 798.67 points before settling at 798.00 points at closing, up by 34.49 points or 4.52%, with a heavy trade volume of 26.24 billion THB. The five most active stocks by trade value were as follows: PTT stood at 270.00 THB, up 13.00 THB. PTTEP stood at 158.50 THB, up 6.50 THB. BANPU stood at 684.00 THB, up 42.00 THB. SCB stood at 88.25 THB, up 6.25 THB. KBANK stood at 98.75 THB, up 8.50 THB.

Reporter : Rungkarn Rujiwarangkul

via SET index skyrockets in response to PM’s reconciliation roadmap

Currencies

Thai baht becoming the region’s worst-hit currency in COVID pandemic

According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000 tourist arrivals as of May 2021, compared with over 39 million in 2019, before the pandemic. Fewer tourists also means lower demand for the Thai baht.

Published

on

The Thai baht has been hit by a sharp decline in tourism numbers due to the COVID pandemic, making the country’s currency the worst-hit in the region this year, according to Mizuho Bank.

(more…)
Continue Reading

Economics

Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.

Published

on

Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,160 other subscribers

Wise

Recent