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.
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.
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.(more…)
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.
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