Thai stocks climbed 1.29% yesterday as most Asian markets closed higher on positive economic news from China. The Stock Exchange of Thailand closed at 703.64 points, up 8.93, in trade worth 15.2 billion baht. Energy stocks gained 1.43%, banks rose 1.17% and ICT stocks closed up 2.15%.

Local institutional investors were net buyers of 851.55 million baht in stocks, while foreign investors were net sellers of 163 million baht and local investors net sellers of 678.74 million baht.

Markets across the region were buoyed by reports that Chinese exports in November fell just 1.2% from the year before, the smallest decline for the year and a sharp improvement from the 13.8% year-on-year decline posted in October.

In Bangkok, some analysts expected a market correction soon.

Industrial output and retail sales figures for China also improved, fuelling optimism about economic trends. Tokyo's Nikkei 225 average rose 2.5%, Hong Kong gained 0.9% and South Korea rose 0.3%.

Tawatchai Asawapornchai, vice-president for the research department at Globlex Securities Co, said the SET index rose in line with other regional markets.

via Stocks climb on China economic figures.

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

SET welcomes pet food and treat manufacturer “ITC”

The company, which is ranked number two in Asia and among the top 10 pet food makers in the world in terms of revenue, has a market capitalization at its initial public offering (IPO) of THB 96 billion (approx. USD 2.74 billion)

SET announces 144 new companies in sustainable stocks list THSI

The Stock Exchange of Thailand (SET) today announced the list of Thailand Sustainability Investment (THSI) 2022, comprising 170 listed companies – an increase from 144 in the previous year.