Connect with us

Markets

Thai Stocks climb on China economic figures

Avatar

Published

on

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%.

Loading...

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.

Comments

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.

Avatar

Published

on

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.

Loading...
(more…)

Continue Reading

Investment

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.

Boris Sullivan

Published

on

Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

Loading...
(more…)

Continue Reading

Lifestyle

Global Gaming Expo Asia Overview

This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products

Pr News

Published

on

G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

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

Join 13,973 other subscribers

Latest

Trending